Australia's Woodside Snaps Up Apache's Stakes in LNG Schemes

摘要

Apache has agreed to sell its stake in two LNG export projects to Australia's Woodside Petroleum for $2.75 billion as it shifts its focus to its North American upstream assets. Woodside said it will also pay an estimated $1 billion to cover Apache's expenses on the two projects until the deal closes. The deal includes Apache's 13% interest in the Wheatstone LNG project in Australia, as well as a 65% interest in the WA-49-L Julimar/Brunello offshore gas fields and the Balnaves oil development.