Acquisitions and Divestitures News in Australia

3D Oil Awarded Permit Adjacent Thylacine Gas Field
5/24/2013 - 3D Oil Limited is pleased to advise it has been awarded a new exploration permit, T/49P in the offshore Otway Basin of Tasmania, bid on in 2012 Australian Offshore Gazettal round. ...
MEO Awarded Bonaparte Basin Exploration Permit WA-488-P
5/23/2013 - MEO Australia Limited advises that it has has been awarded a new exploration permit, WA-488-P in the Bonaparte basin, as part of the 2012 Gazettal Round. MEO will hold 100% interest in the permit. ...
Beach Agreed with Bengal to Farm-in to 50% of ATP 732
5/23/2013 - Beach Energy Limited and Bengal Energy Limited have agreed the key terms of a farm-in to explore for oil in ATP 732 (“Tookoonooka”). Subject to completion of the necessary documentation and appropriat...
IPB Petroleum Awarded Permit WA-485-P in Australia
5/20/2013 - IPB Petroleum Limited “IPB” is pleased to announce that the Commonwealth–Western Australia - Offshore Petroleum Joint Authority granted to IPM West Pty Ltd (a wholly owned subsidiary of IPB Petroleum...
Statoil Farms into Offshore Exploration Acreage in Australia
5/14/2013 - Statoil has signed a farm-in agreement with BP, acquiring a 30 percent equity share in four exploration licences offshore South Australia. ...
Beach Completes Farm-in with Chevron in Nappamerri Trough
5/13/2013 - All conditions precedent for the transfer to Chevron of initial Beach interests in PEL 218 and ATP 855 have been satisfied. Cash payments by Chevron to Beach relating to the initial farm-in have been ...
BG Signed Binding Agreements of $1.93Bln for QCLNG Stake Sale
BG Signed Binding Agreements of $1.93Bln for QCLNG Stake Sale 5/6/2013 - BG Group announced it has signed binding agreements with China National Offshore Oil Corporation (CNOOC) for the sale of certain additional interests in the Queensland Curtis LNG (QCLNG) project in Au...
Bass Strait Increases Interest in Gippsland Permit Vic/P41
4/23/2013 - Bass Strait Oil Company has increased its participating interest in the exploration permit Vic/P41 in the offshore Gippsland Basin. On 21 March 2013 Moby Oil and Gas announced it had negotiated final ...
Oilex Awarded Canning Basin Permit
4/19/2013 - Oilex Ltd is pleased to announce that it has accepted an offer for Special Prospecting Authority (SPA)-0055 which covers acreage in the onshore Canning Basin of Western Australia. SPA-0055 encompasses...
Strike Announces $3.5 Mln Sale of Carnarvon Basin permits
4/18/2013 - Strike Energy has entered into an agreement to sell its wholly owned subsidiary, Strike Energy Western Australia, for a cash consideration of $3.5 million to Torrens Energy. ...
Eni Awarded New Exploration Area in Timor Sea, Australia
Eni Awarded New Exploration Area in Timor Sea, Australia 4/13/2013 - Eni has been awarded a new exploration Production Sharing Contract (“PSC‘) covering an area of 662 sqkm adjacent to the offshore Kitan field, in the Timor Sea. ...
Karoon Not to Exercise Pre-emptive Rights ConocoPhillips' Sale
Karoon Not to Exercise Pre-emptive Rights ConocoPhillips' Sale 4/5/2013 - Karoon Gas Australia has notified ConocoPhillips' of its intention not to exercise its right to pre-empt the proposed sale by ConocoPhillips of a 20% interest in Browse Basin exploration Blocks WA-315...
Central Completes Amadeus, Pedirka Basin Farmout
4/4/2013 - Central Petroleum Ltd completed the farm-out transaction with Santos Limited in respect of most of the areas covered by their joint venture agreement covering more than 18.7 million acres in the Amade...
Central Petroleum Consolidates Interest in EP97 with Rawson
4/3/2013 - Central Petroleum Limited has agreed to buy Rawson Resources’ remaining interest in EP97 in exchange for the placement of 50 million shares, representing less than 4% of Central. ...
INPEX Completes transfer of Ichthys LNG Project 6% Interest to Total
3/1/2013 - INPEX and Total have completed the necessary procedures to transfer a 6% of the Ichthys LNG Project equity interest to Total. ...
Beach Energy Farms Out Exploration Acreage to Chevron
Beach Energy Farms Out Exploration Acreage to Chevron 2/25/2013 - Beach Energy will transfer up to 60% of its interests in PEL 218 (Beach 100%) and ATP 855 (Beach 60%) to Chevron. It is envisaged that Beach will potentially receive US$349 million over two stages for...
MEO Australia Farms in Bonaparte Basin Permit NT/P79
12/21/2012 - MEO Australia Limited advises that it has executed binding agreements subject only to normal regulatory approvals, with Finder Exploration Pty Ltd (Finder) to farmin to the NT/P79 exploration permit i...
Pan Pacific Petroleum to Sell Carnarvon Basin Assets
10/5/2012 - Pan Pacific Petroleum NL (PPP) has agreed to sell its Carnarvon Basin interests to Hydra Energy (WA) Pty Ltd, a company established and controlled by Hydra Energy Holdings Pty Ltd (Hydra). The PPP Car...
Total Increases its Stake in Ichthys LNG Project to 30%
7/12/2012 - Total announced that it has acquired an additional 6% interest in the Ichthys liquefied natural gas (LNG) project from its partner INPEX. Total’s overall equity stake in the Ichthys LNG project grows ...
Santos Sells Interest in Evans Shoal for up to US$350m
10/28/2011 - Santos announced that it has agreed to sell its entire working interest in NT/P 48 (Evans Shoal) in the Bonaparte Basin offshore northern Australia for up to US$350 million to a major international ex...

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