Page 7 - OGA-Sept-2015
P. 7
THIS MONTH
OIL & GAS AUSTRALIA
Beach lifts Cooper
focus
A Beach project area in the Callawonga Cooper basin. Image courtesy
Beach.
BEACH Energy will sharpen the focus on its Cooper basin assets,
considering the farm-down and exit from other project areas in COST EFFICIENT PACKAGED SOLUTIONS
Australia and overseas after a strategy review completed earlier
this year. Sale and rental of
offshore DNV 2.7-1
Beach made the announcement after acquiring a 40 per cent stake in containers, baskets
the ATP 1056 permit, which targets the south eastern flank of the Cooper and tanks.
basin in Queensland from AGL for $1.15 million.
Sale & rental of A60
This purchase comprises a 20% registered interest in ATP 1056, and engineering cabins,
the right to earn a further 20% by satisfying farm‐in obligations assumed workshops and
from AGL. refrigerated units.
Beach said the permit area had been identified as highly prospective
for oil and was covered by 610 square kilometres of 3D seismic, with two
small discoveries currently on extended production test.
Company managing director Rob Cole said the company would be Chemical handling
leveraging its core capability through the acquisition of AGL’s interest in and storage.
ATP 1056.
Offshore aviation services.
“This transaction is consistent with our strategy and supports our
belief that there is significant opportunity and growth potential still to be
pursued in the Cooper basin,” he said.
A spokesman for the company said that Beach saw increasing demand Specialist fabrication
for gas from the east coast market as an opportunity to build on its & engineering services.
position as a leading supplier to the market.
Rigging: manufacture,
“We believe we need to look beyond the Cooper basin and other east testing & inspection,
coast basins, but not too far beyond,” the spokesman said. water weights.
Beach plans to form a team to reinvigorate exploration across the WORKING WITH YOU
Cooper basin and to conduct a comprehensive basin analysis across IN CHALLENGING TIMES
South Australia and Queensland.
Darwin T: +61 (0)8 8984 4034
It will also assess any consolidation opportunities in the Cooper Melbourne T: +61 (0)3 8369 4000
basin as well as finding ways to make money out of higher risk Broome T: +61 (0)4 1154 8011
exploration assets, including developing a stage 2 scope for the Karratha T: +61 (0)4 0929 2472
Nappamerri Trough Natural Gas project. Perth T: +61 (0)8 9497 1600
The company also plans to farm-down its onshore Otway basin sales@oegoffshore.com www.oegoffshore.com
permits and review the business case for the Manta field in the
Offshore Gippsland basin, the Bonaparte basin offshore Western
Australia and the Northern Territory and the Canterbury basin
offshore New Zealand. l
CELEBRATING 34 YEARS OF PUBLISHING IN AUSTRALIA ENERGY PUBLICATIONS 5
OIL & GAS AUSTRALIA
Beach lifts Cooper
focus
A Beach project area in the Callawonga Cooper basin. Image courtesy
Beach.
BEACH Energy will sharpen the focus on its Cooper basin assets,
considering the farm-down and exit from other project areas in COST EFFICIENT PACKAGED SOLUTIONS
Australia and overseas after a strategy review completed earlier
this year. Sale and rental of
offshore DNV 2.7-1
Beach made the announcement after acquiring a 40 per cent stake in containers, baskets
the ATP 1056 permit, which targets the south eastern flank of the Cooper and tanks.
basin in Queensland from AGL for $1.15 million.
Sale & rental of A60
This purchase comprises a 20% registered interest in ATP 1056, and engineering cabins,
the right to earn a further 20% by satisfying farm‐in obligations assumed workshops and
from AGL. refrigerated units.
Beach said the permit area had been identified as highly prospective
for oil and was covered by 610 square kilometres of 3D seismic, with two
small discoveries currently on extended production test.
Company managing director Rob Cole said the company would be Chemical handling
leveraging its core capability through the acquisition of AGL’s interest in and storage.
ATP 1056.
Offshore aviation services.
“This transaction is consistent with our strategy and supports our
belief that there is significant opportunity and growth potential still to be
pursued in the Cooper basin,” he said.
A spokesman for the company said that Beach saw increasing demand Specialist fabrication
for gas from the east coast market as an opportunity to build on its & engineering services.
position as a leading supplier to the market.
Rigging: manufacture,
“We believe we need to look beyond the Cooper basin and other east testing & inspection,
coast basins, but not too far beyond,” the spokesman said. water weights.
Beach plans to form a team to reinvigorate exploration across the WORKING WITH YOU
Cooper basin and to conduct a comprehensive basin analysis across IN CHALLENGING TIMES
South Australia and Queensland.
Darwin T: +61 (0)8 8984 4034
It will also assess any consolidation opportunities in the Cooper Melbourne T: +61 (0)3 8369 4000
basin as well as finding ways to make money out of higher risk Broome T: +61 (0)4 1154 8011
exploration assets, including developing a stage 2 scope for the Karratha T: +61 (0)4 0929 2472
Nappamerri Trough Natural Gas project. Perth T: +61 (0)8 9497 1600
The company also plans to farm-down its onshore Otway basin sales@oegoffshore.com www.oegoffshore.com
permits and review the business case for the Manta field in the
Offshore Gippsland basin, the Bonaparte basin offshore Western
Australia and the Northern Territory and the Canterbury basin
offshore New Zealand. l
CELEBRATING 34 YEARS OF PUBLISHING IN AUSTRALIA ENERGY PUBLICATIONS 5
