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25                 BY
                                                             BY

                                          252525













          Beach Energy has announced a                         Strategies may include processes

          new five-year target to reduce                       to reduce the use of flaring, augmenting certain
          absolute emissions from its                          activities at Beach facilities with renewable energy,
                                                               and supporting our JV partner Santos in its
          operations by 25% relative to                        proposed Carbon Capture and Storage project

          FY18 benchmarked levels.                             in the Cooper Basin.
                                                               Ultimately, Beach remains an oil and gas company
          While natural gas will continue to be a key partner   and we are proud of this – but our Purpose is to
          to renewable energy in a low carbon future,          provide energy to communities in a way that is
          comparatively our industry remains emissions         sustainable – and our new 25 by 25 target is an
          intensive. 25 by 25 is about ensuring we look        important step in this direction.
          at all possible ways to reduce emissions from
          our operations, leaving no stone unturned. A
          corresponding emissions intensity  reduction of 13%
                                        1
          is expected over this period.

          FY21 Emissions Reduction Projects







             Flare and vent                     Bauer Hybrid Renewable             Leak Detection and
             management                         Project                            Repair Program
             Beach will implement               Beach will be performing           Beach will implement
             initiatives to reduce the          further study, design,             a program across all
             need for flaring across            construction and                   gas assets to detect
             operational sites. This            preparatory work for the           and eradicate potential
             includes flare minimisation        Bauer Hybrid Renewable             leakage points. This will be
             during shutdown                    Project which will deliver         delivered though the usage
             and start-up situations as         energy supply to the field         of world-class equipment in
             well as the optimisation           through a combination of           this space.
             of purge and pilot gas             Wind, Solar, Battery and
             scenarios.                         Diesel generation.






          1  Volume of emissions per unit of production

         4
             Beach Energy Sustainability Report l October 2020
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