M&A Deal Summary

Beach Energy Acquires T/49P Offshore Exploration

On June 16, 2014, Beach Energy acquired oil/gas exploration company T/49P Offshore Exploration

Acquisition Highlights
  • This is Beach Energy’s 2nd transaction in the Oil/Gas Exploration sector.
  • This is Beach Energy’s 2nd transaction in Australia.

M&A Deal Summary

Date 2014-06-16
Target T/49P Offshore Exploration
Sector Oil/Gas Exploration
Buyer(s) Beach Energy
Deal Type Divestiture

Target

T/49P Offshore Exploration

Melbourne, Australia

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Buyer(S) 1

Buyer

Beach Energy

Adelaide, Australia

Category Company
Founded 1961
Sector Oil/Gas Exploration
Employees470
Revenue 2.1B AUD (2025)
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 2 of 3
Sector: Oil/Gas Exploration M&A 2 of 3
Type: Divestiture M&A Deals 1 of 1
Country: Australia M&A 2 of 3
Year: 2014 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-10 Adelaide Energy

Adelaide, Australia

Adelaide Energy Ltd. engages in production of oil & gas.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-01 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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