The 2018 sustainability report for Beach Energy Ltd (ASX: BPT) said the company continued to make contributions to the communities in Australia and New Zealand where it operates.
In his overview, chief executive Max Kay said the company wants to demonstrate best practice when it comes to community engagement.
“Our focus is on building and maintaining relationships,” he said.
He said that over the past year there had been extensive engagement activities in the South Australian Otway Basin, demonstrating that the gas industry can safely coexist with agriculture and other industries, and provide a positive economic contribution to local communities.
The report said that as water is an essential resource for the oil and gas industry and for other industries and communities, it was important to ensure adequate management of this resource and “appropriate utilisation or disposal of produced formation water.”
Kay said natural gas, being a low carbon fuel, has an important role in tackling climate change.
Beach’s acquisition of Lattice Energy increased the Adelaide-based company’s exposure to the Australian east coast gas market – with the company’s natural gas now accounting for 64% of the company’s total hydrocarbon production.
The Lattice Energy acquisition also gave Beach operatorship of the Kupe gas and oil production field in New Zealand’s offshore Taranaki Basin.