Press Releases

CompactGTL launch Teesside Pilot Plant

Tuesday, November 25th, 2008

CompactGTL plc, the specialist gas to liquid company, has launched its UK pilot plant at the company’s new site based at Wilton, Teesside.  The plant was successfully commissioned and has demonstrated the complete CompactGTL process under continuous operation at pilot scale for the first time.  The plant takes a feed of natural gas and converts this to synthetic crude oil products.  Over the next few months the company will conduct extensive tests on the plant which has been developed to solve the problem of associated gas in remote or deepwater environments.

The first commercial plant, which is expected to be commissioned in 2013, will produce 1000 to 1500 barrels of syncrude per day.  The modularity of the CompactGTL plant offers clients the flexibility to tailor the size of the process plant to suit the amount of associated gas produced from a particular oilfield.  Solving the problem of associated gas will help new oilfield exploration and enable development of oil discoveries in remote locations.

In addition, CompactGTL has also announced an extension to its contract with Petrobras, valued at approximately $45 million, for the supply and testing of a 20 bpd pilot plant. This pilot plant will be tested onshore in Brazil and then moved offshore onto one of Petrobras’ floating production facilities.

Peter Riches, Chief Executive CompactGTL, said:

“We are delighted that we have taken the next step on the road to commercialisation of our process with the successful commissioning of our UK pilot plant at Wilton.  In addition, the extension of our contract with Petrobras for a pilot plant in Brazil, underlines the importance of the CompactGTL proposition to the global oil industry.”