Beach Energy
| Company type | Public |
|---|---|
| Industry | Oil and gas exploration and production |
| Predecessor | Beach Petroleum |
| Founded | 1961 |
| Founder | Reg Sprigg |
| Headquarters | Adelaide , Australia |
Area served | Australia, New Zealand |
Key people | Rob Cole (Managing Director) |
| Products | Oil and gas |
| Website | www |
Beach Energy Limited is a prominent Australian company specializing in oil and gas exploration and production, with its main office located in Adelaide, South Australia. Originally known as Beach Petroleum, the company adopted the name Beach Energy in December 2009. It is publicly traded on the S&P/ASX 200 and ranked as Australia's second-largest oil producer in 2020, following Woodside Petroleum.
Established in 1961 by Reg Sprigg, Beach faced initial challenges but eventually achieved significant discoveries within the Cooper Basin. Currently, the company maintains interests in five active basins across Australia and New Zealand: Cooper, Bass, Otway, Perth, and Taranaki.
By 2014, Beach had become the leading onshore oil producer in Australia. In 2015, Rob Cole stepped into the role of managing director ahead of schedule after leaving Woodside Petroleum, marking a notable leadership transition.
In 2016, Beach revealed an oil find in the Poolowanna Formation of the Western Flank (formerly PEL 91), where it retains full ownership. The company's asset base grew considerably following its $1.585 billion acquisition of Lattice Energy from Origin Energy in September 2017, significantly boosting its operational capacity and market footprint.