Cooper / Eromanga Basins

The Cooper Basin, and overlying Eromanga Basin, host Australia's largest onshore oil and gas development. 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.  
 

Geology

Beach's operated licences are located primarily along the flanks of the Cooper Basin, where Eromanga Basin sandstone reservoirs are well positioned to receive oil charge from the deeper Cooper Basin source rocks. These permits are therefore primarily prospective for oil discoveries in the Eromanga Basin section, although Cooper Basin oil and gas/condensate prospectivity is also recognised in some areas.
 

History

A key contributor to the historical growth of Beach was the acquisition in 2006 of Delhi Petroleum and its extensive oil and gas assets in the Cooper/Eromanga Basin, complementing Beach's existing holdings in the area at the time.
Beach continues to have success, as the operator in a number of joint ventures, from new oil and gas discoveries in the previously under-explored Western Flank of the Cooper Basin.
 

Location map


 



Beach production (MMboe)

Due to rounding, totals may not add.

  FY10 FY11  FY12  FY13  FY14  FY15
Oil 2.3 2.0 2.8 3.7 5.2 4.6
Gas 4.0 3.8 4.0 3.5 3.3 3.8
Gas Liquids 0.4  0.4 0.4  0.4 0.4 0.5
Condensate 0.3 0.3 0.3  0.4 0.3 0.3
Total 7.0 6.5 7.5 8.0 9.6 9.1

 

Beach reserves (MMboe)

 

  FY10 FY11 FY12 FY13 FY14 FY15
Oil 13.4 17.0  17.7 21.2 19.3 19.4
Gas 41.5 47.3 61.2 59.2 55.7 46.5
Gas Liquids 8.1 9.5 12.1 11.5 10.6 8.5
Total 63.0 73.8 91.0 91.9 85.6 74.4