Beach Energy Ltd (BPT.xasx)

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Beach Energy Ltd (BPT) Profile

Beach Energy Ltd (BPT.xasx) is an oil and gas exploration, development and production company headquartered in Adelaide, South Australia. The Company’s asset portfolio includes ownership interests in strategic oil and gas infrastructure, including the Otway Gas Plant and BassGas and Moomba processing facility, a portfolio of gas and oil assets across Australia and New Zealand, including the Waitsia Gas Project and Beharra Springs in the Perth Basin. Beach Energy has approximately 560 employees and operations across Australia and New Zealand and is the second-largest oil producer in the country. Beach Energy Ltd stock (BPT) is listed on the Australian Securities Exchange (ASX), had a market capitalisation of $3.36B (AUD) as of January 2022 and $1.65B (AUD) in 2020 yearly revenues. Beach Energy assigned the Norwegian contractor DOF Subsea for offshore transportation and installation jobs in South-East Australia. The new contract relates to the Otway Offshore Phase 5 project in which Beach Energy is developing additional gas wells at its producing Thylacine field in the Otway Basin. The contract scope is expected to be completed in the first quarter of 2023.

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