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Beach Energy Limited

Beach Energy is an ASX listed, oil and natural gas, exploration and production company headquartered in Adelaide, South Australia.

Founded in 1961, we have operated and non-operated, onshore and offshore, oil and natural gas production from five producing basins across Australia and New Zealand and we are a key supplier to the Australian east coast natural gas market.

Beach’s asset portfolio includes ownership interests in strategic oil and natural gas infrastructure, such as the Moomba processing facility and Otway Gas Plant, as well as a suite of high potential exploration prospects.

ASX Code
BPT

Sector
Energy

Website
https://www.beachenergy.com.au/

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News

Sweeping staff cuts at Beach Energy

Beach Energy (ASX:BPT), a prominent player in the oil and gas industry, has been grappling with significant challenges, including cost overruns and delays, at its Waitsia gas project in Western Australia. The company's recent announcement of sweeping staff cuts has underscored the severity of the situation, raising concerns among investors and stakeholders alike.

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Beach Energy records $721m write-down

In the six months to December, Kerry Stokes's 30%-controlled oil and gas producer, Beach Energy (ASX:BPT), faced a substantial setback, taking a $721 million write-down in the value of its Cooper Basin assets. The impairment, totaling $505 million after tax, led to a reported net loss of $345.1 million.

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