Deal Insight
Origin acquires Karoon's interest in the Poseidon gas fields for US$600 million
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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.
Table of contents
- Executive summary
- Transaction details
- Upstream assets
-
Strategic rationale
- Origin Energy
- Karoon Gas
- Oil & gas pricing and assumptions
Tables and charts
This report includes 2 images and tables including:
- Blocks WA-315-P and WA-398-P in Browse Basin
- Oil & gas pricing and assumptions: Table 1
What's included
This report contains:
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