AWE agrees to sell part interest in Bass basin offshore Australia

Dec. 8, 2011
AWE Ltd. has agreed to sell interests in the Bass basin offshore Australia to Toyota Tsusho Gas E&P Trefoil Pty. Ltd.

Offshore staff

SYDNEY, Australia – AWE Ltd. has agreed to sell interests in the Bass basin offshore Australia to Toyota Tsusho Gas E&P Trefoil Pty. Ltd. The A$80.125 million ($82.5 million) cash transaction is for 11.25% interest in T/L 1 and 2.75% interest in T/18P. T/L1 includes the Yolla gas and condensate field and its associated production infrastructure. T/18P includes the Trefoil gas and condensate discovery. At completion, AWE will hold a 46.25% interest in T/L1 and a 44.75% interest in T/18P. 
12/08/2011