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PAU is supported by management which is highly
experienced in running and developing petrochemical, ammonia
and fertilizer industries as well as financing and marketing
its end product.
Currently PAU is planning to build Ammonia plant with capacity
of 2,000 MTPD in Banggai, Sub Province of Central Sulawesi,
Indonesia.
The ammonia plant is targeted to commence commercial operation
in the 3rd quarter 2008.
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Project
Background
On 31st March 2005, Pertamina JOB
Medco E&P Tomori Sulawesi and PT Panca Amara Utama
have signed Head of Agreement (HoA) on Senoro Field
Gas Sales, Central Sulawesi in JW Marriott Hotel, Jakarta.
The HoA signing was the initial
step to develop Senoro Gas field located in Banggai
Subdistric, Central Sulawesi. In the midst of the sky
rocketing crude price, utilizing gas in Banggai will
become a great alternative.
The field was discovered in 1999 and estimated to have
3.5 TCF gas reserve.
The field has received reserve certificate from GCA
in Januari 2003
PT Panca Amara Utama is one of many prospective buyers
of Pertamina and Medco’s gas which will be bounded
in a sales agreement of Senoro Gas.
Gas sold upon the agreement reaching the amount of 0.8
TCF for the period of 20 years. The amount is 60 percents
of the proven reserve or around 25 percents from all
potential gas in Senoro field.
The signing of HoA on gas sales commenced the development
of Senoro Gas Field in 2005. |
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Progress & Achievement
Natural Gas Supply, Head of Agreement signed on 31st March 2005
- Project Establishment
- Partnership
- New Investor, Hanson International
Tbk., has joined PAU for 50% - Equity Share
- EPC Contractor
In-depth and intensive discussion will be held with potential
EPC contractor.
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Land
Acquisition
Several land surveys has been conducted
Site location has been fixed
Acquisition
Our team is currently on the move and approx. 100 –
150 Ha of targeted area will be purchased within 2 months
period (up to end of July 05)
Project Scope
- Production Facilities & Auxiliaries
- Industrial Estate Facilities
- Project Community Development
- Post Construction Community Development.
Amonia Market
Main market for ammonia is North America,
Canada, Australia, Japan, China, Korea, India, The Philippines,
Taiwan, Brazil.
Steady increase of ammonia usage and demand are the main basis
of establishing the project. Market has shown that ammonia
price has risen from USD 140 to 280/Tonne and predicted a
steady increase of USD 170 – 220 on yr 2008 –
2025 (Source: DH Lauriente Consultants
Ltd, Jul 2003).
The current price (as at May 2005) floats at USD 250-300/ton.
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