Beach Energy's milestone in the Otway Basin

Beach Energy (ASX:BPT) has initiated gas production from the Thylacine West 1 and 2 development wells. These wells are now connected to the Otway Gas Plant, marking a critical achievement in the company's offshore drilling efforts in the Otway Basin. Located 70 kilometers south of Port Campbell, this development is pivotal for addressing anticipated gas supply shortfalls in Australia.

Beach Energy's strategic impact on gas supply

Beach Energy's completion of the Thylacine West development wells signifies the largest offshore drilling and development program in the Otway Basin. This milestone increases gas supply to the Otway Gas Plant, addressing forecasted shortfalls on Australia's East Coast. The development supports Beach Energy's growth goals and reinforces its role in securing energy supply. This project underscores the company's commitment to innovation and collaboration in the energy sector.

Executive insights on Thylacine West development

The Thylacine West development wells represent a significant milestone in our efforts to enhance well deliverability for the Otway Gas Plant. This project aligns with Beach Energy's near-term growth objectives and is crucial in addressing the gas supply shortfalls on Australia’s East Coast. We acknowledge the efforts of our dedicated staff, contractors, and stakeholders who contributed to this successful completion.