SUSTAINABLY DELIVERING ENERGY FOR COMMUNITIES
Beach Energy is an ASX listed, oil and gas exploration and production company headquartered in Adelaide, South Australia.
Beach’s purpose to ‘sustainably deliver energy for communities’ means we operate while maintaining the highest health, safety and environmental standards.
Founded in 1961, Beach today has oil and gas production in five basins across Australia and New Zealand.
DELIVERING ENERGY SECURITY FOR AUSTRALIA
Beach Energy is a key supplier to Australia’s East Coast gas market, operating the Otway Gas Plant and the Lang Lang Gas Plant in Victoria.
Today, Beach supplies approximately 12% of the gas on the East Coast of Australia, and is aiming to grow this to 16%.
In 2022, Beach concluded the Otway Offshore drilling program, and has connected new wells to the Otway Gas Plant, increasing production and supply to the East Coast.
All of the gas Beach produces on the East Coast of Australia is sold to retailers within Australia.
REDUCING OUR EMISSIONS
Beach is committed to reducing emissions from its operations, with an equity emissions intensity reduction target of 35% by 2030, and an aspiration to achieve Net Zero emissions by 2050.
Beach is a partner in one of Australia’s biggest emissions reduction projects, Moomba Carbon Capture and Storage (CCS), which once complete, will be able to safely store up to 1.7mtpa of CO2 annually.
STRATEGIC OIL AND GAS INFRASTRUCTURE
Beach’s asset portfolio includes ownership interests in strategic oil and gas infrastructure and assets across Australia and New Zealand.
This includes the Otway Gas Project and BassGas on Australia’s East Coast, the Waitsia Gas Project Stage 2 on the West Coast, and the Kupe Gas Project in New Zealand.
Beach operates a world-class onshore oil business on the Western Flank of the Cooper Basin and has grown to become Australia’s largest onshore oil producer, and is a joint venture partner on the Moomba Gas Project.
In addition to its producing assets, Beach has a suite of exploration permits and is undertaking active exploration drilling programs in the Perth and Cooper Basins.
ENTERING GLOBAL LNG MARKETS
Beach will enter global LNG markets when it will commences export of its share of LNG volumes from the Waitsia Gas Project Stage 2 in the Perth Basin, operated by JV participant Mitsui E&P Australia (MEPAU), through the North West Shelf infrastructure in Karratha.
Beach continues to pursue growth opportunities within Australia and nearby which align with its strategy, satisfy strict capital allocation criteria, and demonstrate clear potential for shareholder value creation.
We aim to be Australia’s premier multi-basin upstream oil and gas company.
Sustainably deliver energy for communities.
Our values define us, guide our actions, our decisions and our words.
Down to Earth
We look out for each other and start from a position of respect.
Aim Sky High
We have licence to be creative.
Feed the Fire
Together we can achieve anything.
Create the Wave
We act on opportunities for sustainable growth.