M&A Deal Summary

Beach Energy Acquires Drillsearch Energy

On March 1, 2016, Beach Energy acquired oil/gas exploration company Drillsearch Energy

Acquisition Highlights
  • This is Beach Energy’s 3rd transaction in the Oil/Gas Exploration sector.
  • This is Beach Energy’s 3rd transaction in Australia.

M&A Deal Summary
Date 2016-03-01
Target Drillsearch Energy
Sector Oil/Gas Exploration
Buyer(s) Beach Energy
Deal Type Merger

Target

Drillsearch Energy

Sydney, Australia
Drillsearch Energy, Ltd. is an oil and gas explorer and producer focused on the highly-prospective Cooper-Eromanga Basin. Drillsearch Energy was formed in 1985 and is based in Sydney, Australia.

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Buyer(S) 1

Buyer

Beach Energy

Adelaide, Australia
Category Company
Founded 1961
Sector Oil/Gas Exploration
Employees470
Revenue 1.8B AUD (2024)
DESCRIPTION

Beach Energy is a explorer, discoverer and developer of oil, gas and related energy resources. Beach Energy is a long established oil and gas Exploration and Production Company. Beach Energy was founded in 1961 and is based in Adelaide, Australia.

DEAL STATS #
Overall 3 of 3
Sector (Oil/Gas Exploration) 3 of 3
Type (Merger) 1 of 1
Country (Australia) 3 of 3
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-16 T/49P Offshore Exploration

Melbourne, Australia

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