Oct 5 (Reuters) - Oil and gas explorer Beach Energy Ltd BPT.AX said on Friday it will sell 40 percent of its Victorian Otway assets to Eyal Ofer's O.G. Energy for A$344 million ($243 million).
Following the sale, four new joint ventures will be formed, with Beach operating and having a 60 percent interest in each joint venture, the company said in a statement.
($1 = 1.4132 Australian dollars)