One-Page Deal Sheet
Conoco Ups Ante in Australian Pacific LNG Project in $1.4B Cash Deal
ConocoPhillips Origin Energy Ltd.
Announced Date
December 08,2021
Close Date
February 18,2022
Transaction Type
Working Interest
Enterprise Value (EV)($MM)
1400
Asset/Basin:
["Surat Basin", "Bowen Basin"]
TargetZones:
[]
Location
Calculated Metrics( EV/Category)
Region
Austral-Asia
Country
Australia
Play
Production Production
Calculated Metrics( EV/Category)
$/ Flowing
Transaction Details: Subscribe to see
ConocoPhillips has acquired an additional 10% shareholding interest in Australia Pacific LNG (APLNG) from Origin Energy for $1.4 billion, which will be funded from cash on the balance sheet.
This deal closed on February 18, 2022.
The ConocoPhillips subsidiary currently holds a 37.5% APLNG shareholding interest and would own 47.5% of APLNG upon closing if the other relevant APLNG shareholder does not exercise its preemption rights.
The transaction is expected to close in the first quarter of 2022 and is subject to Australian government approval.
Asset Details: Production: Full-year 2020…| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Oct-14-2020 |
-  |
- |
Click here | E&P | |
| Dec-18-2019 |
- |
- |
Click here | E&P | |
| Oct-14-2019 |
- |
- |
Click here | E&P | |
| Oct-01-2018 |
- |
- |
Click here | E&P | |
| Aug-22-2018 |
- |
- |
Click here | E&P |
| 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 | - |
- |