April 24 (LNGJ) - Beach Energy, a partner of Japan’s Mitsui in the delayed Waitsia LNG project in the onshore Perth Basin of Western Australia, reported an increase in sales revenue from a year ago to A$392 million (US$254M) from A$353M in the 2023 quarter. “Our results were overshadowed by the delay to construction of the Waitsia Gas Plant and weather-related impacts to production,” said Beach’s Chief Executive Brett Wood. “The ongoing emergence of quality issues at Waitsia during the pre-commissioning phase is disappointing,” stated the CEO.
Beach added that in the Perth Basin drilling campaign there were “pleasing results” including a gas discovery at Redback Deep. “Three gas discoveries and one gas development well from our operated campaign is an encouraging outcome which will provide valuable backfill volumes,” Wood said. Beach’s Enterprise well in the Otway Basin of south Australia is also on track to provide a valuable new gas supply source for the East Coast.
