2 October 2017
Greenwoods & Herbert Smith Freehills has advised Origin Energy on the sale of its conventional upstream oil and gas business, Lattice Energy, to Beach Energy for $1.585 billion. Lattice's assets comprise a portfolio of assets in Australia and New Zealand, including interests in the Otway, BassGas, HBWS, Kupe, Cooper Basin and Perth Basin gas projects.
The sale brought to a close an almost yearlong process, during which we advised Origin in relation to divestment by way of both an IPO and a sale. Origin ultimately determined that the sale to Beach represented the best option for its shareholders.
The Greenwoods team was led by Directors Richard Hendriks and Nick Heggart, supported by Cameron Blackwood, Andrew Howe, Narelle McBride and Senior Associate Tristan Boyd.
Partner, Head of Corporate and M&A
Partner, Head of Energy & Resources