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Apache eyes Australia exit


Apache eyes Australia exit

Report summary

Apache has committed to exit its two LNG projects, Wheatstone and Kitimat and review its international portfolio. This means that its Australian business could be sold or spun off into a separately listed entity. We estimate Apache’s Australian portfolio has a remaining value of US$5.1 billion (discounted to 1 January 2014), of which Wheatstone represents US$2.6 billion.

Departing Australia would be a big shift for a company that is a major player in the Western Australian domestic gas market.

What's included?

This report includes 2 file(s)

  • Apache eyes Australia exit PDF - 472.70 KB 5 Pages, 0 Tables, 4 Figures
  • Apache eyes Australia exit final version.xls XLS - 112.50 KB

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  • Executive Summary
  • A change in direction
    • Remaining PV by country (net to Apache, US$B)
    • Remaining reserves & remaining PV by project (net to Apache)
  • The Australian portfolio
    • Apache net Australian production (2015-2025)
    • Apache's Australian acreage portfolio
  • Could a buyer be hard to find?
  • The next steps

In this report there are 4 tables or charts, including:

  • Executive Summary
  • A change in direction
    • Apache eyes Australia exit: Image 1
    • Apache eyes Australia exit: Image 2
  • The Australian portfolio
    • Apache eyes Australia exit: Image 3
    • Apache eyes Australia exit: Image 4
  • Could a buyer be hard to find?
  • The next steps
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