“CompactGTL, as a Company, is progressing to very exciting times as we transform from a Research and Development organisation to a fully-fledged Commercial Operation. We have worked hard to bring the Company to this point and we are proud of our achievements to date.

Most recently the Company has focussed on delivering the Commercial Demonstration Plant, under the Joint Testing Agreement with Petrobras. In July 2010 the Plant was delivered to the Brazil testing site and in January 2011 successfully commenced operations as the world’s first operating modular Gas to Liquids plant.

This is a major achievement for the Company. Successful operation of the plant not only verifies the process technology without further scale-up risk, but also confirms the feasibility of the chosen manufacturing route by CompactGTL.

The development of CompactGTL’s modular offshore GTL solution has not been without its challenges. Having a clear vision, from the outset, of the economic and technical requirements for the commercial scale plant, has been instrumental in the success of the programme to date.

Likewise, close collaboration with major partners in the Upstream sector, serving to independently qualify the technology as well as creating a supply chain for commercial plants, has been equally crucial. The result is a true ‘standalone’ associated gas solution for remote offshore and onshore oilfield developments with strong economics.

The combination of our expertise, skills and experience is one of the keys to our success and I would like to pay tribute to all CompactGTL staff who have worked enthusiastically, professionally and tirelessly to deliver the modular gas solution.

CompactGTL is now structuring as a turnkey solution provider and our dedication to performance, collaboration and innovation supports our commitment to be the partner of choice for providing a solution to the problem of associated gas in the oil industry”.

Nicholas Gay
Chief Executive Officer