Sunday 11 January 2015

Australia: Apache holds off on West Australian asset sale

Otmane El Rhazi from Energy-pedia regional news: Central & SE Asia / Australasia.



US company Apache appears to have gone cold on the $US3 billion ($3.65bn) sale of its remaining West Australian gas and oil ­assets as oil prices plunge, potential buyers struggle and it gets ready to bank proceeds from the sale of its Wheatstone LNG stake to Woodside Petroleum.

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