28/07/2009 - 10:12

Advisers appointed to Perdaman project

28/07/2009 - 10:12

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Perdaman Chemicals and Fertilisers have appointed Societe Generale as its financial advisor for the $3.5 billion Collie urea project.

Advisers appointed to Perdaman project

Perdaman Chemicals and Fertilisers have appointed Societe Generale as its financial advisor for the $3.5 billion Collie urea project.

 

 

The announcement is below:

 

 

Perdaman Chemicals and Fertilisers (Perdaman) has appointed Société Générale Corporate and Investment
Banking as its financial advisor for the Collie Urea Project in Western Australia.

Perdaman plans to finance the estimated A$3.5 billion project with a combination of non‐recourse debt and
equity in proportions yet to be determined.

As financial advisor, Société Générale's role involves assisting Perdaman to identify, coordinate and arrange
debt funding sources for the Project's development, as well as access to relevant markets.

Perdaman and Société Générale are working towards achieving financial close for the Project around the middle
of 2010. Currently, the permitting and environmental approvals for the Project are expected to be complete by
December 2009. The engineering procurement construction contractors have been secured and the core
technology selected.

Société Générale Corporate and Investment Banking is a leading investment bank operating in 40 countries. It
has been selected by Perdaman because of its substantial experience in obtaining project finance for major
industrial developments like the Collie Urea Project.

Société Générale was financial advisor to the Qafco 4 ammonia and urea project in Qatar, and financial advisor
and lead arranger to Egypt Basic Industries Corp. for their ammonia project in Egypt, which recently commenced
production. In 2008, Société Générale closed the Peru LNG transaction, which was awarded Deal of the Year by
various industry‐renowned publications. Société Générale acted as the sole financial advisor, co-arranger and
inter-creditor agent for this USD 3.85bn project, which consisted of a 4.45 mmtpa natural gas liquefaction plant
and a gas pipeline from Camisea gas fields, sponsored by Hunt Oil, SK Corporation, Repsol YPF and Marubeni.
Société Générale is currently acting as the financial advisor for the 6.3 mmtpa PNG LNG project in Papua New
Guinea, which is sponsored by ExxonMobil, Oil Search, Santos, Nippon Oil, and MRDC.

Chairman and Managing Director, Perdaman Chemicals and Fertilisers Pty Ltd, Vikas Rambal, said that the
appointment of Société Générale Corporate and Investment Banking marked another important milestone for
the future of the Project.

"The appointment of Société Générale as financial advisor brings us one step closer to bringing the Collie Urea
Project from vision to reality," he said.

Full production at the world-scale facility is planned for the second half of 2013. With the capacity to produce 2
million tonnes of urea per annum, primarily for export, the plant will generate in excess of A$850 million per
annum in export earnings for Western Australia.

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