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Beach progresses development projects

Beach Energy

Construction on Beach Energy’s Waitsia gas plant is progressing well and is expected to target first gas in mid 2024.

The company noted in its latest quarterly report that essential utilities are completed at the plant, the switch room is commissioned, and electrical cable connections are currently being tested and certified.

Beach also noted its active drilling campaigns continues to progress with oil and gas discoveries made at Trigg Northwest 1 and Tarantula Deep 1.

Beach energy interim chief executive officer Bruce Clement said the quarter delivered strong results for the company.

“Facility operating performance and field deliverability were strong, including reliability of more than 99 per cent at all operated gas plants,” Clement said.

“Despite lower nominations this quarter, with the Thylacine North wells performing in line with expectations, we are well placed to increase Otway Basin contracted annual gas volumes in CY2024 and beyond.”

Clement said the company looks forward to continuing its progress in the upcoming quarter.

“We have an exciting quarter ahead with active programs continuing across the portfolio,” he said.

“The Kupe South 9 gas well in New Zealand will soon be drilling ahead, exploration campaigns are underway in the Perth Basin and Western Flank, and we are focused on delivering our major projects in the Perth and Otway basins.”

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