Oct 5 (Reuters) - Beach Energy Ltd BPT.AX :
* TO SELL 40% OF ITS VICTORIAN OTWAY INTERESTS TO EYAL OFER'S O.G. ENERGY FOR $344 MILLION
* UPON DEAL COMPLETION, FOUR NEW JOINT VENTURES WILL BE FORMED, CALLED OTWAY, HBWS, ENTERPRISE AND ARTISAN JOINT VENTURES