One-Page Deal Sheet
Beach Annouce JV with Chevron Australia
Chevron Corp Beach Energy Limited
Announced Date
February 25,2013
Close Date
May 13,2013
Transaction Type
Farm-In/Farm Out
Enterprise Value (EV)($MM)
349
Asset/Basin:
{"Cooper Basin"}
TargetZones:
{"Nappamerri Trough
Transaction Details: Subscribe to see
Beach will transfer up to 60% of its interests in PEL 218 (Beach 100%) and ATP 855 (Beach 60%) to Chevron. It is envisaged that Beach will potentially receive US$349 million over two stages for both permits over several years.
Beach Energy Limited and Beach group subsidiaries, have signed documents with Chevron Australia Exploration 1 Pty Ltd and Chevron Australia Holdings Pty Ltd (“Chevron”) to farm-out a portion of their interests in the PEL 218 (South Australia) and ATP 855 (Queensland) joint ventures.
Completion of the transaction is conditional upon:
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Dec-08-2021 |
-  |
- |
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| Oct-14-2020 |
- |
- |
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| Dec-18-2019 |
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- |
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| Oct-14-2019 |
- |
- |
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| Oct-01-2018 |
- |
- |
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| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
| Aug-22-2018 | Santos Acquires Aussie E&P Quadrant in $2.8B Deal | - |
- |
| Oct-31-2016 | TAG Oil Acquires PL 17 in Australia's Surat Basin | - |
- |