EOG Resources Strikes Deal for First Australian Venture
Transaction Type
Sellers
Buyers
Basin
Offshore Australia; Petrel sub-basin
Announce Date
Post Date
Close Date
Estimated Price
23MM
Description
To acquire 100% interest in the WA-488-P permit containing the giant Beehive oil prospect in the Petrel sub-basin off the northern coast of Australia; includes $15 MM in contingent and production-linked payments.