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CompactGTL announces 3,000 bpd commercial GTL project in Kazakhstan

Monday 10th March, 2014

Ministry of Oil and Gas of the Republic of Kazakhstan and CompactGTL sign breakthrough memorandum for development of world’s first small scale GTL plant

CompactGTL announces that its Chairman Tony Hayward and Uzakbay Karabalin, the Minister of Oil & Gas of the Republic of Kazakhstan, have signed a Memorandum of Co-operation to support the development and implementation in Kazakhstan of innovative associated gas processing technologies with the realisation of the world’s first commercially deployed small scale GTL plant.

In furtherance of the Memorandum of Co-operation, signed at the London Stock Exchange during the Caspian Corridor Conference, CompactGTL intends to build the world’s first commercially deployed small-scale gas-to-liquids (GTL) plant in Kazakhstan. The proposed plant is expected to bring with it significant future commercial and environmental benefits. Up to 820,000 cubic metres of associated gas that might otherwise be wasted will be fed through the plant every day to produce approximately 3,000 bpd of synthetic diesel. In a year, the plant is expected to monetise over 300 million cubic metres of gas.

Kazakhstan offers considerable potential for CompactGTL’s proven small-scale GTL technology. Kazakhstan is a major producer of oil and is also one of the leaders globally in seeking to use new technology to bring environmental benefits to the country. The new GTL plant will contribute to President Nazarbayev’s “Strategy of innovative development of Kazakhstan until 2020” by creating a local high technology industry that processes associated gas to produce fuels for local consumption. CompactGTL, together with investors from Kazakhstan, have agreed to finance, design and build the up to 3,000 bpd GTL plant, using CompactGTL’s proven technology and plant design.

Kanatbek Safinov, Executive Secretary, Ministry of Oil and Gas of the Republic of Kazakhstan said:
“Kazakhstan is very interested in attracting innovative and high technology businesses into its oil and gas industry in order to implement the decision of the President of Kazakhstan to expedite industrial development of the country. I believe that this innovative project will both help solve a number of social and environmental issues in the Republic of Kazakhstan and be mutually commercially beneficial for the parties.”

Tony Hayward, Chairman of CompactGTL said:
“We are very pleased to be able to announce the decision to build the first small-scale commercial GTL plant. This is a significant step forward, not just for CompactGTL, but also for the small-scale gas-to-liquids industry. Kazakhstan has clearly identified the significant economic benefits a small scale GTL plant can bring. We welcome the support provided by the Kazakhstan Government and the signing of this Memorandum of Co-operation demonstrates the confidence of the Kazakhstan Government and of the Kazkhstani investors in CompactGTL’s technology and people.”

CompactGTL expects to have a fully functioning small-scale GTL plant in operation in 2017. It is expected that initial engineering will take approximately 12 months, followed by a construction period of around two years, highlighting the relative speed with which such a project can be delivered.

CompactGTL offers a unique end-to-end engineering, manufacturing and project execution capability. CompactGTL is the only provider of small-scale GTL technology with a fully operable demonstration plant, which it has built in partnership with Petrobras. The successful operation of the Commercial Demonstration Plant in Aracaju, Brazil and the continuing operations at its UK Pilot Plant and Training facility in Wilton, Teesside, have proven the key commercial viability and technical benefits of the technology, including safety, robustness, operability and reliability.

 

Statement

Tuesday 4th February, 2014

CompactGTL is pleased to confirm it has completed its restructuring with a significant new investment made by a partnership headed by Tony Hayward, CompactGTL’s Non-Executive Chairman and Ian Hannam. As a result of this investment and restructure, the new investment partnership will become the majority owners of CompactGTL. Coller Capital will remain as a significant investor in the company.

CompactGTL has therefore exited administration, a process which enabled it to complete this transaction.

CompactGTL is the only small scale GTL specialist with a proven, working demonstration plant in Brazil in partnership with Petrobas. The plant highlights both CompactGTL’s unique ability to handle every aspect of designing, constructing, operating and maintaining a modular GTL plant, as well as the security of having a proven supply chain already in place, minimising implementation risk on behalf of the customer.

 

CompactGTL presents at World Shale Oil & Gas Summit and Exhibition

Wednesday 6th November, 2013

CompactGTL, the leader in small scale gas-to-liquid technology, is today presenting at the plenary session of this year's World Shale Oil & Gas Summit, on "the role of technology in creating a sustainable future". The World Shale Oil & Gas Summit, held in Houston from 4th to 7th November, is the largest international event for the shale oil and gas industry, bringing together government leaders and industry experts from across the globe.

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CompactGTL announces appointment of Peter Riches as CEO

Wednesday 25th September, 2013

CompactGTL, the pioneer of modular gas to liquid solutions, announces a change of CEO following Nicholas Gay’s decision to retire in 2013. Peter Riches has been appointed Chief Executive Officer with effect from 14th October.

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CompactGTL Corporate Brochure

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Understanding the benefits of the CompactGTL application for associated gas

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Small-scale GTL: back on the agenda

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Directors’ Report and Financial Statements 2010

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Directors’ Report and Financial Statements 2011

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