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5 Pages

Origin acquires Karoon's interest in the Poseidon gas fields for US$600 million

Origin acquires Karoon's interest in the Poseidon gas fields for US$600 million

Report summary

This is a bold move by Origin into what is not only one of Australia's largest offshore gas discoveries of the last decade, but also one of the most remote. Wood Mackenzie currently estimates that the fields – which lie around 950 kilometres from the nearest operational LNG plant in Darwin – contain around 4 tcf of gas and 51 million barrels of condensate. The deal signals Origin's intent to bulk up its Australian upstream portfolio and further develop its LNG expertise.

What's included?

This report includes 1 file(s)

  • Origin acquires Karoon's interest in the Poseidon gas fields for US$600 million PDF - 369.76 KB 5 Pages, 1 Tables, 1 Figures


The upstream oil and gas industry conducts activities against a backdrop of growing energy and environmental challenges. Political instabilities, international conflicts and government and environmental regulation have all impacted the production process.

This has forced companies to re-examine their corporate strategy, moving away from high-risk exploratory drilling to lower-risk exploration in mature basins as they search for increased returns.

This Upstream Oil and Gas Deal Insight report provides an in-depth analysis of this deal. You will also find information about upstream assets and the strategic rationale behind the deal.

For investors and businesses, this deal insight report provides an understanding of the effect this deal will have on the market, including oil and gas pricing and assumptions. Use it to keep up to date with deal announcements, gain expert insights and analyse potential developments that might affect your strategy.

Wood Mackenzie goes beyond company-reported data and announcements to give you an independent and informed view. Our unique valuation metrics are underpinned by our deep understanding of upstream assets and companies. We help you objectively benchmark and evaluate asset and corporate deals so you can compare deal economics around the world.

  • Executive summary
  • Transaction details
  • Upstream assets
  • Strategic rationale
    • Origin Energy
    • Karoon Gas
  • Oil & gas pricing and assumptions

In this report there are 2 tables or charts, including:

  • Executive summary
    • Blocks WA-315-P and WA-398-P in Browse Basin
  • Transaction details
  • Upstream assets
  • Strategic rationale
  • Oil & gas pricing and assumptions
    • Oil & gas pricing and assumptions: Table 1
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