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Tuesday, 02 December, 2008, 22:10 GMT | more >>

Beach pumps more barrels



By Upstream staff 

Australia’s Beach Petroleum increased crude production by 7% to 767,000 barrels for the March quarter compared to the previous quarter due to higher contributions from various Cooper and Eromanga projects, plus greater volumes from the Basker Manta Gummy project.

The outfit posted record sales revenues of A$147.7 million (US$138.2 million) for the latest quarter, up 14% from the previous quarter reflecting higher production and high oil prices.

Total sales revenues for the nine month period to March was A$397 million, an increase of 15% on the same period last year.

Gas production volumes achieved in the quarter remained steady with higher liquid yields resulting in an increase in gas liquids production, Beach said in a statement today.


Tuesday, 29 April, 2008, 05:34 GMT  | last updated: Tuesday, 29 April, 2008, 05:51 GMT

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