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.

What's included

This report contains

  • Document

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

    PDF 369.76 KB

Table of contents

  • Executive summary
  • Transaction details
  • Upstream assets
  • Strategic rationale
  • Oil & gas pricing and assumptions

Tables and charts

This report includes 2 images and tables including:

Images

  • Blocks WA-315-P and WA-398-P in Browse Basin

Tables

  • Oil & gas pricing and assumptions: Table 1

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