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Apache Australia was renamed Quadrant Energy.
The consortium also worked with Alcoa of Australia to develop a gas supply agreement to provide long term contracted cashflows, in addition to upfront funding to support the acquisition.
Support drawn from the broader Macquarie Group to put in place appropriate hedging arrangements, despite period of high volatility in global oil prices
Highlighted ability to assess the energy market for high quality portfolio opportunities of scale
Flexible use of capital to work quickly, preparing beneficial solutions for all parties
Spotlight on Quadrant Energy
Macquarie Group Limited notes today’s ACCC decision approving the August 22, 2018 acquisition of Quadrant Energy by Santos Limited
Brookfield business partners and Macquarie announce agreement to sell Quadrant Energy for US$2.15 billion
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