Beach closes Otway divestment

BEACH Energy announced on Friday that it had divested a 40% interest in the Otway Basin to Israeli billionaire Eyal Ofer’s O.G. Energy for A$344 million with an effective date of July 1.   

Beach closes Otway divestment Beach closes Otway divestment Beach closes Otway divestment Beach closes Otway divestment Beach closes Otway divestment

Beach is "in a strong financial position to consider accelerating investment": Kay

In October Beach entered into an agreement to sell 40% of its Victorian Otway interests to the company to progress the development of the assets and to the company's balance sheet.