Hopetaft: Beach Energy Bass Strait

Beach Energy Bass Strait

Potential bidders are likely to include other companies with assets in the bass strait including japans mitsui co beach energy and cooper energy analysts and bankers said. We have operations in the cooper basin perth basin bass basin otway basin and taranaki basin.

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Given the price analysts said companies might bid in a consortium.

Beach energy bass strait. Beach energy is an asx listed oil and natural gas exploration and production company headquartered in adelaide south australia. Mitsui was not available for immediate comment. Beach energy extracts natural gas from the yolla field transporting it to shore via a 147 kilometre subsea pipeline.

Bass strait forces beach energy write down. Oil and gas producer beach energy ltd has slumped into the red. The bass basin is located offshore between the southern tip of victoria and the northern margin of tasmania in the shallow waters of bass strait.

F share t tweet b mail q sms l linkedin w whatsapp g j tumblr. The source said that it was likely the buyer would come from overseas as the complexity of the bass strait operation could be unappealing to local players such as beach energy or cooper energy. Beach and cooper declined to comment.

Bass strait baes is a sea strait separating tasmania from the australian mainland specifically the state of victoria. Beach energy exits bmg jv in bass strait beach energy ltd adelaide has flagged its intention to withdraw from the basker manta gummy bmg joint venture in bass strait effective oct. The barry beach marine terminal is the main supply depot for our bass strait oil and gas operations.

Credit suisse has also speculated about a possible sale of the bass strait operation positing it could be of interest as a monster acquisition for growing east coast player beach energy which. Each year it facilitates the warehousing and transport of thousands of tonnes of food supplies fuel and equipment to 23 offshore platforms and installations that serve as bases for drilling oil and gas production and processing. Potential bidders are likely to include other companies with assets in the bass strait including japans mitsui co beach energy and cooper energy analysts and bankers said.

That said there was proven demand around the world in locations such as the north sea for fields that were approaching the end of production.

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