M&A Deal Summary

Cooper Energy Acquires APA Group - Orbost Gas Processing Plant

On June 20, 2022, Cooper Energy acquired oil/gas exploration company APA Group - Orbost Gas Processing Plant from APA

Acquisition Highlights
  • This is Cooper Energy’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Cooper Energy’s 1st transaction in Australia.

M&A Deal Summary

Date 2022-06-20
Target APA Group - Orbost Gas Processing Plant
Sector Oil/Gas Exploration
Buyer(s) Cooper Energy
Sellers(s) APA
Deal Type Divestiture

Target

APA Group - Orbost Gas Processing Plant

Sydney, Australia
APA Group's Orbost Gas Processing Plant (OGPP) provides certainty-of-supply to a high-quality group of gas off-takers in Sydney, Australia.

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Buyer(S) 1

Buyer

Cooper Energy

Adelaide, Australia

Category Company
Founded 2001
Sector Oil/Gas Exploration
Employees126
Revenue 197M AUD (2023)
DESCRIPTION

Cooper Energy is a exploration and production company that produces approximately 500,000 barrels of oil per annum and conducts exploration for oil and gas in a portfolio comprising prospective acreage in the Cooper, Otway and Gippsland basins Australia, South Sumatra, Indonesia and the Gulf of Hammamet, Tunisia. Cooper Energy was founded in 2001 and is based in Adelaide, Australia.


DEAL STATS #
Overall 1 of 1
Sector: Oil/Gas Exploration M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Australia M&A 1 of 1
Year: 2022 M&A 1 of 1

Seller(S) 1

SELLER

APA

Sydney, Australia

Category Company
Founded 2007
Sector Utilities
Employees1,900
Revenue 3.2B AUD (2025)
DESCRIPTION

APA owns, operates, and management of gas pipelines, gas processing plants, a gas-fired power station, gas storage facilities, power transmission lines, etc. APA owns and/or operates over 14,000 kilometres of natural gas pipelines, gas storage facilities, and a wind farm. APA was founded in 2000 and is based in Sydney, Australia.


DEAL STATS #
Overall 1 of 1
Sector: Oil/Gas Exploration M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Australia M&A 1 of 1
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-01 Emu Downs Wind Farm

Western Australia, Australia

Emu Downs Wind Farm is an 80 MW established wind farm, which has been in operation since 2006. It is located 10 kilometres from APA’s existing Parmelia Gas Pipeline and 200 km north of Perth.

Buy $180M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-18 Basslink

Melbourne, Australia

Basslink is a provider of fibre optic assets which carry high speed telecommunication traffic. Basslink is based in Melbourne, Australia.

Buy $773M