Apache sold its 13% stake in the Wheatstone LNG terminal in Western Australia and 50% interest in the Kitimat liquefied natural gas (LNG) project in northern British Columbia to Woodside Petroleum for USD 2.75 billion. Under the terms, Apache will sell its equity ownership in Apache Julimar, through which it owned the Wheatstone stake and a 65% interest in WA-49-L block, which includes the Julimar/Brunello fields off Western Australia. Apache will also receive an additional USD 1 billion to reimburse its net expenditure in both projects.
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