Introduction to Beach

Business overview

Formed in 1961 and listed on the Australian Securities Exchange in 1962, Beach Energy is an oil and gas exploration and production company headquartered in Adelaide, South Australia.  Beach has a core focus on the resource-rich Cooper Basin with gross acreage of over 69,000 km2.  Key facts about Beach include:

  • Australia's largest onshore oil producer with an active exploration and development drilling program in the Cooper Basin
  • Exposure to diverse and strategically located resource basins with established infrastructure supplying key markets
  • FY16 production of 9.66 million barrels of oil equivalent and revenue of $558 million
  • Oil and gas reserves (2P) of 70 million barrels of oil equivalent at 30 June 2016
  • Contingent oil and gas resources (2C) of 205 million barrels of oil equivalent at 30 June 2016
  • A strong Balance Sheet with a fully funded FY17 capital expenditure program anticipated

Our purpose

To deliver sustainable growth in shareholder value.

Our strategy

We will achieve this by: 

  • Optimising our core in the Cooper Basin;
  • Building a complementary gas business in east coast basins;
  • Pursuing compatible growth opportunities; and
  • Maintaining financial strength.

Our values

  • Safety - Safety takes precedence in everything we do
  • Creativity - We continuously explore innovative ways to create value
  • Respect - We respect each other, our communities and the environment
  • Integrity - We are honest with ourselves and others
  • Performance - We strive for excellence and deliver on our promises
  • Teamwork - We help and challenge each other to achieve our goals