Beach Energy
Beach Energy Limited is an Australian oil and natural gas company based in Adelaide, South Australia. It began in 1961 as Beach Petroleum and changed its name to Beach Energy in December 2009. It is listed on the Australian Securities Exchange (ASX) and is part of the S&P/ASX 200 index. In 2020, Beach Energy was the second-largest oil producer in Australia, after Woodside Energy.
History in brief
- Beach Energy started with limited success, but after making discoveries in the Cooper Basin it grew and now holds interests in five producing basins in Australia and New Zealand: Cooper Basin, Bass Basin, Otway Basin, Perth Basin, and Taranaki Basin.
- In 2014, Beach Energy was the largest onshore oil producer in Australia.
- In March 2015, Rob Cole became managing director earlier than planned after leaving his previous role at Woodside Energy.
- In November 2016, Beach Energy announced a Western Flank oil discovery in the Poolowanna Formation in ex PEL 91 (Beach 100%).
- In September 2017, Beach Energy agreed to buy Origin Energy’s Lattice Energy for about A$1.585 billion, expanding its operations.
What Beach Energy does and performance
- Beach Energy explores for and produces oil and natural gas.
- In 2020, the company produced about 4.2 million cubic metres of oil equivalent (roughly 26.7 million barrels).
- 2020 revenue was about A$1.65 billion, with net income around A$50 million.
- The company’s headquarters are in Adelaide, South Australia.
This page was last edited on 28 January 2026, at 16:33 (CET).