Deal insight
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7 Pages

Apache sells its Australian E&P operations to private equity for US$2.1 billion

Apache sells its Australian E&P operations to private equity for US$2.1 billion

Report summary

Apache has agreed to sell its Australian subsidiary to a consortium comprised of Macquarie Capital and Brookfield Asset Management. The US$2.1 billion purchase price is broadly in line with our valuation of US$2.3 billion (NPV 10, January 2015). The deal covers all of Apache's upstream business, which includes a mix of oil and gas producing assets, along with technical resources, significant infrastructure, and a large exploration position.

What's included?

This report includes 1 file(s)

  • Apache sells its Australian E&P operations to private equity for US$2.1 billion PDF - 502.87 KB 7 Pages, 7 Tables, 2 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
  • Deal analysis
  • Upsides and risks
    • Gas contract will provide growth opportunity
    • Exploration / Technicals
    • Investment is required to provide growth
  • Strategic rationale
    • Apache
    • Macquarie Capital & Brookfield Asset consortium
  • Oil & gas pricing and assumptions

In this report there are 9 tables or charts, including:

  • Executive summary
    • Executive summary: Table 1
  • Transaction details
  • Upstream assets
    • Upstream assets: Table 1
  • Deal analysis
    • Deal analysis: Table 1
    • Deal analysis: Table 2
    • Deal analysis: Table 3
  • Upsides and risks
    • Apache's net contracted gas vs production*
  • Strategic rationale
    • Apache Australian acreage portfolio
  • Oil & gas pricing and assumptions
    • Oil & gas pricing and assumptions: Table 1
    • Oil & gas pricing and assumptions: Table 2
Requester's name : .............
Department : .............
Authoriser's Name : .............
Authoriser's signature : .............
Date : .............
Cost Centre : .............

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We work across every sector of oil, gas, power, renewables, chemicals, metals and mining, covering more than 150 countries. Our proprietary data and models are at the core of everything we do, ensuring our independent asset and company valuations are thoroughly robust and that we offer an accurate forward-looking view of economic indicators such as market supply, demand and price trends.

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