On 10 July 2020 Beach Energy Ltd via wholly owned subsidiary Beach Energy (Operations) Ltd was awarded offshore exploration license VIC/P7192(V) in the Inner Otway Sub-basin, Otway Basin. The permit has been granted for an initial period of six years and is scheduled to expire or be renewed on 9 July 2026. The license is located within State Waters, in close proximity to Beach's Halladale-Speculant gas facility.  Under the conditions of the award, Beach is required to work with local communities, the local commercial fishing industry and relevant local government authorities. It will be possible to drill any required wells from onshore to offshore, with any petroleum discovered prioritised for the Victorian domestic market.  On 16 June 2020 the Victorian Government lifted the moratorium on conventional gas exploration, which will be effective as of June 2021.   VIC/P7192(V), which covers an area of 49.10 sq km is one of two permits awarded on this date, with VIC/P7191(V) awarded to Bridgeport Energy. Beach Energy (Operatiosn) Ltd holds 100% interest and operatorship in the permit.
Australia, (Otway B.), Beach Energy Ltd was awarded offshore exploration license VIC/P7192(V). The permit has been granted for an initial period of six years and is scheduled to expire or be renewed on 9 July 2026. 