April 26 (Reuters) - Beach Energy Ltd BPT.AX :
* Market update BPT.AX
* FY 2016 production guidance increased to 9.5 - 9.8 mmboe
* FY 2016 capital expenditure guidance maintained at $180-$210 million
* Additional merger synergies confirmed -- annual cost savings of up to $40
million to be fully realised in FY 2017
* Says synergies include redundancy of the majority of Sydney based employment
positions
* Says now expected that headcount will reduce to 213 by 30 June 2016
* Sydneybased headcount to be reduced by 60 by 30 April 2016, and further four
positions expected to be made redundant by 31 may 2016
* Source text for Eikon ID:nASX7TCtDH
*