Our technology will help oil companies resolve the issue of associated gas and to exploit oil fields previously considered to be uneconomic and can add substantial value to a field's NPV.
Our technology has a number of important operational benefits:
- Economic alternative to flaring and re-injection of associated gas
- Suitable for operation at remote onshore locations and deepwater offshore
- Flexible throughput to match oil production profiles
- Scaleable plant configuration
- No oxygen requirement and negligible waste water
- No on-site catalyst handling
The CompactGTL plant is being designed to be integrated within an FPSO as well as a standalone onshore facility. The technology is designed to be modular and accordingly will have the flexibility to match the production profile of the associated gas. As the field's production declines, surplus modules can be "switched off" providing operating efficiencies and a reduction in operating costs.
As the associated gas is converted to synthetic crude, it can be co-mingled with the crude oil produced from the field and transported to market by means of the existing oil transportation system. The process thus provides an incremental income stream that augments the economics of the oilfield. In so doing, it eradicates the need for the flaring of the gas or the potentially damaging and costly injection of the gas into the reservoir. It also avoids the need to develop separate product storage, transportation and marketing arrangements as are required for other possible solutions such as LNG, CNG and conventional GTL.
As flaring becomes more unacceptable from a political and environmental viewpoint, those fields with no viable associated gas solution may be required to curtail production or in the extreme case, cease production entirely. There is evidence that this may already be starting to occur. The use of Compact's technology would prevent this.
