Beach to exit BMG fields offshore southeast Australia

Offshore staff

GLENSIDE, AustraliaBeach Energy plans to withdraw from its joint venture with Cooper Energy in the Basker, Manta, and Gummy field permits offshore Victoria.

The company will assign its 35% non‐operated to Cooper.

Beach did not wish to participate in a proposed appraisal of the Manta gas field, preferring instead to optimize its portfolio in the current lower oil price environment.

Subject to approval from Australia’s National Offshore Petroleum Titles Administrator, the withdrawal will take effect from Oct. 27.

The VIC/L 26, 27, and 28 permits are in the offshore Gippsland basin.


Share your news with Offshore at

Offshore Victoria
(Map courtesy Cooper Energy)

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...