Home > Legal Library > Article




Join Matindale-Hubbell Connected


Apache Corporation Seeks Buyer for Stake in the Wheatstone Project




by:
Sutherland Asbill Brennan LLP - Washington Office

 
July 11, 2014

Previously published on July 8, 2014

Bloomberg reports that Apache Corporation is seeking a buyer for its interests in the Wheatstone LNG project. Apache Corporation, an American oil and gas producer, has engaged in early discussions with potential buyers for its holdings in Chevron Corporation’s project in Western Australia. Within the last year, Apache Corporation has announced the sale of several sizable assets, including the company’s Argentinian operations, deep-water assets in the Gulf of Mexico, and a stake in its Egypt business, in an effort to reduce its net debt, which stood at $8 billion in March. Apache’s 13 percent stake in the Wheatstone project is valued at $2.5 billion.

 

The views expressed in this document are solely the views of the author and not Martindale-Hubbell. This document is intended for informational purposes only and is not legal advice or a substitute for consultation with a licensed legal professional in a particular case or circumstance.
 

View More Library Documents By...

 
 
Sutherland Asbill Brennan LLP Overview