Beach snaps up Lattice

Beach Energy and Origin Energy have reached an agreement that will see Beach acquire Lattice Energy for a tidy sum of $1.6 billion.

Lattice Energy was Origin’s upstream oil and gas business, with the acquisition transformational for Beach as it will significantly enhance its scale and create a leading ASX-listed oil and gas company with a diversity of production and growth options.

“It establishes Beach as a major supplier of gas to domestic markets, and provides a step-change in production, operating capabilities and geographic exposure,” said Beach CEO Matt Kay.

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