Chevron Eyes Beach Energy Cooper Basin Assets

Mining Weekly reported that energy giant Chevron plans to acquire Beach Energy’s  assets in the Cooper Basin for $349 million.

As quoted in the market report:

Under the agreement, Chevron would acquire an initial 30% working interest in the Permian section of the PEL 218 joint venture (JV), in South Australia, and an 18% working interest in the ATP 855 JV, in Queensland

To view the whole Mining Weekly report, click here.