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    Oz Beach's Q2 Revenue Up


Revenue was up thanks to higher realised oil and gas price.

by: Shardul Sharma

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Oz Beach's Q2 Revenue Up

Australia’s Beach Energy January 29 said its sales revenue for the three months to December 31 (Q2 2020) was A$462mn (US$312mn), up 4.8% yr/yr owing to higher realised oil and gas price.

Beach’s Q2 production was 6.41mn barrels of oil equivalent, down 13.6% yr/yr while sales volume was 6.65mn boe as against 7.7mn boe in the same quarter last year. Average realised pricing across all products was A$69.5/boe versus A$57.2/b in the year ago period, Beach said.

Q2 capital expenditure was A$209mn compared with A$112mn in the same quarter of last year.