Company last year said it would focus more on North American basins.
The company said it sold the subsidiary to a private equity management company for cash. Total production for the Australian entity was around 49,000 barrels of oil equivalent last month.
18:21 Mark Zuckerberg takes the stand in $2 billion lawsuit claiming Oculus theft7
16:16 Luxottica, Essilor $24 billion merger creates eyewear giant17
19:08 U.S. indicts three Takata executives, fines company $1 billion in faulty air bag scandal16
13:21 Bank of America profits surge on cost cuts, trading gains25