Reserves and production

Reserves

Beach's proved and probable recoverable reserves as at  30 June 2016 are 70 million barrels of oil equivalent (MMboe) and contingent resources were 205 million barrels of oil equivalent (MMboe). A detailed breakdown of reserves and resources will be included in the FY16 Annual Report.

Area
Proved and Probable Reserves at 30 June 2016
Oil (MMbbl)
Gas Liquids (MMboe)
Sales Gas & Ethane (PJ)
Oil Equivalent (MMboe)
Cooper/Eromanga Basin
20.3
8.1
222.6
66.7
Egypt
2.9
-
1.0
3.1
TOTAL
23.2
8.1
223.6
69.8

 

Area
Contingent Resources at 30 June 2016
Oil (MMbbl)
Gas Liquids (MMboe)
Sales Gas & Ethane (PJ)
Oil Equivalent (MMboe)
Cooper Basin - Conventional
24.4
12.8
367.6
100.4
Cooper Basin - Unconventional
-
4.6
505.5
91.5
Other Resources
0.7
1.6
63.9
13.4
TOTAL
25.1
19
937
205.3

 

Date Proved and Probable Reserves (MMboe) Contingent Resources (MMboe)
30-Jun-2001 1 -
30-Jun-2002 3.8 -
30-Jun-2003 4.5 -
30-Jun-2004 4.3 -
30-Jun-2005 10.8 -
30-Jun-2006 36.2 -
30-Jun-2007 89.6 -
30-Jun-2008 145.2 -
30-Jun-2009 66 293
30-Jun-2010 66 297
30-Jun-2011 77.4 582 
30-Jun-2012 92.8 466.6
30-June- 013 92.7 448.9
30-June-2014 85.6 466.5
30-June-2015 74.4 676.6
30-June-2016 70 205

Note:

  • Cooper/Eromanga Reserves are determined on the basis of the assessments of the operators.

Production

In FY16 Beach held interests in production joint ventures in the Cooper/Eromanga Basin and Gulf of Suez (Egypt). 
Egypt was sold in August 2016.

Beach's FY16 production was  9.7 million barrels of oil equivalent (MMboe).

 

Product Area Net Prodn FY16
Oil (MMbbl) Cooper/Eromanga Basin 5.0
  Egypt 0.1
Total Oil   5.1
Sales Gas & Ethane (PJ) Cooper/Eromanga Basin 21.8
  Egypt 0.3
LPG (kt) Cooper/Eromanga Basin 43.9
Condensate ( MMbbl) Cooper/Eromanga Basin 0.3
TOTAL OIL & GAS (MMboe) 9.7

The reserves and resources information in this presentation is based on, and fairly represents, information and supporting documentation prepared by, or under the supervision of, Mr Tony Lake (Reservoir Engineering Manager).  Mr Lake is an employee of Beach Energy Limited and has a BE (Mech) degree from the University of Adelaide and is a member of the Society of Petroleum Engineers (SPE).  The reserves and resources information in this presentation has been issued with the prior written consent of Mr Lake in the form and context in which it appears.