IFLR1000

Mitsui A$520 million acquisition of 35% stake in Kipper Field

3/3/2016
Private acquisition
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A$ 520 million

Completed

3/3/2016

Overview:

  • Mitsui has acquired a 35% stake in Santos' Kipper Field for A$520 million.
  • ExxonMobil operates Kipper Field, which produces gas, LPG and condensate.
  • Gas from Kipper will be transported to Longfort gas plant to be processed through the West Tuna platform.

Katrin Kostadinova - Data analyst 

Jurisdiction:

Australia

Deal type:

Private acquisition

Practice area:

M&A

Governing law:

Australia

Industry sector:

Oil and gas

Firms:
Ashurst

Party: Santos (Target)

King & Wood Mallesons

Party: Mitsui (Acquirer)

Lawyer: Robert Edel

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