Reserves and production

Reserves

Beach's proved and probable reserves as at 30 June 2017 were approximately 75 million barrels of oil equivalent (MMboe) and contingent resources were approximately 153 MMboe. A detailed breakdown of reserves and resources is included in the FY17 Annual Report.

2P Reserves at 30 June 2017
Oil (MMbbl)
26.3
Gas (PJ)
225.9
LPG (kt)
595.1
Condensate (MMbbl)
4.8
2P Reserves (Net, MMboe)
74.7

 

2C Contingent Resources at 30 June 2017
Oil (MMbbl)
29.0
Conventional gas and gas liquids (MMboe)
86.2
Unconventional gas and gas liquids (MMboe)
37.7
2C Contingent Resources (Net, MMboe)
152.9

 

Date Proved and Probable Reserves (MMboe) Contingent Resources (MMboe)
30-June-2017 74.7 152.9
30-June-2016 69.8 205.2
30-June-2015 74.4 676.6
30-June-2014 85.6 466.5
30-June-2013 92.7 448.9
30-June-2012 92.8 466.6
30-June-2011 77.4 582.0
30-June-2010 66.0 297.0
30-June-2009 66.0 293.0
30-June-2008 145.2
30-June-2007 89.6
30-June-2006 36.2
30-June-2005 10.8
30-June-2004 4.3
30-June-2003 4.5
30-June-2002 3.8
30-June-2001 1.0

Note:

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

Production

In FY17 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 FY17 production was 10.6 million barrels of oil equivalent (MMboe).

 

FY17 Production
Total Oil (kbbl) 5,722
Sales Gas & Ethane (PJ) 23.1
LPG (kt) 52.7
Condensate (MMbbl) 447.0
Total Sales Gas and Gas Liquids (kboe) 4,835
Total Oil and Gas (kbboe) 10,557

Competent Persons Statement

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 (Manager Gas Development). Mr Lake is an employee of Beach Energy Ltd and has a BE (Mech) degree from the University of Adelaide and is a member of the Society of Petroleum Engineers. The reserves and resources information in this announcement has been issued with the prior written consent of Mr Lake in the form and context in which it appears.