16 December 2014
Clifford Chance advises Apache on sale of LNG projects
Leading international law firm Clifford Chance has advised Apache Corporation (NYSE: APA) on the sale of its interests in the Wheatstone and Kitimat LNG projects to Woodside Petroleum Limited (ASX: WPL) for a purchase price of US$2.75 billion.
The Houston-headquartered oil and gas exploration and production company has agreed to sell its interests in Wheatstone LNG in Western Australia and in Kitimat LNG in Canada, along with accompanying upstream oil and gas reserves, to Woodside.
"We are delighted to have advised Apache, a longstanding client of our Perth practice, on this successful transaction," said partner Michael Lishman, who led the Clifford Chance team advising the company with counsel Sean Houthuysen. "It was a pleasure to work with the Apache team in Houston and in Perth."
The Clifford Chance team also included Apache relationship partner and senior litigation partner, Ben Luscombe, corporate partners Justin Harris and Dave Poddar, and senior associate Nick Helm.