Beach Energy Profile
Beach Energy Limited operates as an oil and gas exploration and production company. The company holds interests in approximately 450 exploration and production tenements in Australia, Tanzania and New Zealand.
Strategy
The company’s strategy includes optimizing its core in the Cooper Basin; building a complementary gas business in east coast basin; and pursuing compatible growth opportunities.
Properties
Cooper/Eromanga Basins
The company owns a 20.21% interest in the South Australian Cooper Basin Joint Venture (SACB JV) and between 20-40% of the South West Queensland Joint Ventures (SWQ JVs) operated by Santos Limited.
The company’s operated licences are located primarily along the flanks of the Cooper Basin, where Eromanga Basin sandstone reservoirs are positioned to receive oil charge from the deeper Cooper Basin source rocks.
Tanzania
In 2008, the company bid for, and won, the gazettal round for the Lake Tanganyika South block. The production sharing agreement with the Tanzanian Petroleum Development Corporation was signed in June 2010.
Browse Basin
Browse Basin is located approximately 200 kilometres off the northern coastline of Western Australia. This property operates as an emerging gas province with the Ichthys field under development and various nearby discoveries being appraised for LNG potential.
PEP 52717
The lightly explored PEP 52717 is located in the Canterbury Basin, approximately 40 kilometres off the east coast of the south island.
PEP 57080
This property is 50% owned by the company and 50% by Todd Exploration. Its operator is located in the Northern Taranaki Graben, west of the north island.
Otway Basin
The company’s exploration, development and production assets are located onshore in both the South Australian and Victorian sections of the Otway Basin. Included in these assets is the Katnook Gas/condensate Plant and associated Production Licences. The Otway is prospective for conventional gas and oil, as well as unconventional gas and liquids.
History
The company was formerly known as Beach Petroleum Limited and changed its name to Beach Energy Limited in December 2009.
