Beach Energy recorded a four per cent increase in its production operations across the third quarter for the 2024 financial year.
The increase was due to higher production from the Otway and Taranki basins, offset by the weather-affected Cooper basin.
Beach Energy also noted that the Perth basin drilling campaign is complete with a gas discovery and a successful development well through the Redback Deep 1 exploration well.
Beach Energy managing director and chief executive officer Brett Woods said this was a positive milestone for the company.
“In the Perth Basin, we concluded our operated drilling campaign with pleasing results, including a gas discovery at Redback Deep 1,” Woods said.
“Three gas discoveries and one gas development well from our operated campaign is an encouraging outcome which will provide valuable backfill volumes.”
Meanwhile, the Otway basin continued to provide results for the company.
“In the Otway Basin, regulatory approval was received to allow final construction works at the Enterprise well site,” Woods said.
“We remain on track to achieve our target of first gas before the end of this financial year, subject to final operating regulatory approvals, meaning a valuable new gas supply source will be available for the east coast.”
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