12 June, 2014

Baker & McKenzie has acted for Australian energy retailer Origin Energy on its USD 800m acquisition of two large exploration permits in Western Australia’s gas-rich Browse Basin from Karoon Gas. Under the deal, Origin agreed to purchase the junior explorer’s 40% stake in the ConocoPhillips natural gas project of which PetroChina Co. holds the balance.

The Baker & McKenzie team was led by leading energy partner, Chris Saxon. He was assisted by partners Frank Castiglia, Ken Gray, and Amrit MacIntyre. 

K&L Gates, Perth acted for Karoon.

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