Proud to be part of RI's success story
Indonesia is the closest neighbor to Australia compared to other ASEAN countries and has become one of the most attractive markets for Australia.
The trade relationship between the two countries has been growing considerably over the past few years.
Despite the current economic turmoil, there is no doubt that investors from Australia will continue to commit to long-term investment in Indonesia.
In the engineering and construction services sector, Clough Engineering, a leading Australian oil and gas- and resources- based engineering and construction company, is a good example of an Australian investor's commitment in Indonesia.
The Clough group has been successfully operating in Indonesia through its subsidiary PT Petrosea, a large engineering, construction and mining company which has been listed on the Jakarta Stock Exchange and the Surabaya Stock Exchange since 1990.
Established in 1972, Petrosea has established a long track record of good experience working in Indonesia.
This has led to its capability of delivering projects, mostly located in geographically remote and logistically difficult areas, to various clients successfully.
Petrosea offers engineering, procurement and construction services to the following industry sectors:
* Mining
* Oil and Gas (onshore and offshore)
* Industrial and Manufacturing
* Infrastructure Construction
* Power Generation Installation.
The company operates in three divisions.
The first division, Engineering and Construction, specializes in EPC contracts in gas/condensate/oil processing, onshore and offshore pipelines, mineral processing plants, materials handling, infrastructure and marine works.
The second division, Mining, performs large contract mining works, mine feasibility studies and processing plant design.
And the third division, Plant, controls a plant fleet valued at over US$80 million.
At present, Petrosea operates in various locations with its head office in Jakarta. Branch offices and project offices are located in Balikpapan, Samarinda, Sangatta, Bontang (East Kalimantan), Rawas (South Sumatra), Ujungpandang, Soroako (south Sulawesi), Ratatotok, Menado (North Sulawesi), Timika (Irian Jaya), Sumbawa and, soon, Pagerungan Island (East Java).
Petrosea is proud to be one of the national contracting companies that have made their contribution to the country's development since the early days of the First Long-Term Development Plan, during which infrastructure facilities were minimum.
Petrosea has proven to be capable and reliable in performing major projects that were won through competitive tenders using international best practice, and has been recognized as a contracting services provider that can deliver projects on time and to budget.
Understanding cultures, values and traditions in the many Indonesian regions is one of the key success factors in Petrosea successfully completing various projects spread out from Natuna Sea, Sumatra, West Java, East Java, Kalimantan, Sulawesi, Maluku, East Nusa Tenggara and Irian Jaya.
Despite the current monetary problems, Petrosea has managed to maintain a relatively high market value of its shares due to the facts that the company's operations are largely export oriented and provide income to Indonesia and to solid balance sheet and sound management practice.
Petrosea's mission is strongly defined in its Mission Statement: To assist Clients, primarily in Indonesia, to meet their business goals through the provision of reliable, innovative and competitive engineering, construction, mining and project management skills using international best practice. We deliver added value.
Petrosea is proud of the contributions it makes to Indonesia.