Woodside considers AUD 6bn offer for three Apache business assets
Woodside Petroleum, the ASX-listed energy group, is said to be considering an AUD 6bn (USD 5.24bn) bid for Apache Corporation assets in Australia and Canada, The Australian reported. According to the report Woodside, adviser by Citi, is targeting three parts of Apache’s operation including its 13% stake in the Wheatstone LNG project and two exploration fields, and a portfolio of oil and gas assets in Western Australia, and Canada’s Kitimat LNG project.
The report also said that Apache is believed to have received highly conditional indicative offers for its Western Australian assets from two groups. Apache is said to have rejected the offers as too low. The WA assets include a stake in the Phoenix South Discovery, the report said.
The Australian