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Apache eyes Australia exit

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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.

Table of contents

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

Tables and charts

This report includes 4 images and tables including:

  • Apache eyes Australia exit: Image 1
  • Apache eyes Australia exit: Image 2
  • Apache eyes Australia exit: Image 3
  • Apache eyes Australia exit: Image 4

What's included

This report contains:

  • Document

    Apache eyes Australia exit

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