Australian Financial Review: Beach Energy in Early Talks on Pipeline Sale Plan

Oil and gas play Beach Energy is in early talks to convince partners to examine a possible sale of valuable processing and pipeline infrastructure in the Cooper Basin in a move that would generate many hundreds of millions of dollars of proceeds.

New chief executive Rob Cole said that while the idea was "embryonic", he saw an opportunity to realise value from a deal that could involve divesting infrastructure to a party that would operate the facilities as a multi-user hub.

"We would like to realise value from strategic infrastructure," Mr Cole said, pointing to significant investments by the Cooper Basin partners in processing facilities at the Moomba oil and gas plant in South Australia's north, flow lines and larger pipelines.

"We intend pursuing opportunities to realise value from these assets." MORE