Badak
Badak is important a layer of natural gas located in the province of Kalimantan Is in Indonesia. Discovered in 1971 by an American geologist, Roy Mr. Huffington, the field was economically exploitable only provided that the gas can be liquefied to be able to be transferred onto long distances by Méthanier in the form of Natural gas liquefied (GNL). The cost of the construction of a factory of liquefaction required the insurance of a contract of long-term purchase. Japanese companies of electricity were interested to invest in power stations with gas and a terminal of gasification of GNL.
In addition the same year, the American oil company Mobil had discovered Arun, another giant gas field in the province of Aceh on the island of Sumatra. The oil company of State indonésienne Pertamina, owner of gas according to the constitution, had thus, on the one hand enormous gas reserves, on the other hand purchasers for this gas. A contract of delivery of GNL was signed in 1973. The gas was to come approximately for half of Arun and half of Badak. It was the beginning of an adventure which was going to make of Indonesia the first producer and world exporter of GNL.
Within the framework of this contract of purchase, Pertamina built a factory on the coast with Bontang. With the signature of one 2nd contract of delivery to the Japanese in 1981, the capacity of Bontang was doubled. New discoveries by the French oil company Total, and of new agreements of sale of GNL, brought to new extensions of the factory, whose capacity is now of 22 MT per annum, which makes of it the largest factory of liquefaction of the world.
See too
Internal bonds