CompactGTL is proud to be exhibiting at Gastech.

www.gastech.co.uk

CompactGTL is a proud sponsor of this event and Iain Baxter is a keynote speaker.

Asia Oil Week website

CompactGTL is proud to be exhibiting at the Offshore Technology Conference.

www.otcnet.org

We are now confirmed as sponsor at the XTL summit in London in May 2012, and will also be in attendance as a keynote speaker at the event, where we won the XTL award in 2011.

World XTL Summit website

CompactGTL is a proud sponsor of this event where Iain Baxter will be in attendance as a keynote speaker.

Latin Oil Week website

Iain Baxter will be in attendance as a keynote speaker at this event.

Event website

The approval of the performance of the plant by Petrobras is a significant milestone for CompactGTL whilst it continues to undertake project studies, on behalf of clients worldwide, for commercial scale modular gas-to-liquids technology.

The CompactGTL solution offers an alternative to gas flaring and the plant incorporates all aspects required for commercial application in treating associated gas at remote onshore and offshore oilfield locations, including gas pre-treatment, pre-reforming, reforming, waste heat recovery, process steam generation, syngas compression, Fischer Tropsch synthesis, FT cooling water system and tail gas re-cycling, which can be integrated to a host facility or operated as a stand alone operation.

The proprietary mini-channel SMR and FT reactors, operating in conjunction with new catalysts coated on metal substrates (combustion, reforming and FT) demonstrate a compact, low centre of gravity GTL process for the first time.

Nicholas Gay, Chief Executive, said:
“We are pleased that the commercial demonstration plant has passed the programme of testing by Petrobras. It has been a real team effort working with Petrobras throughout the past year on this test programme which has produced some extremely positive results and has shown the plant can be robust, with the operational availability expected of large scale commercial facilities. We can now progress our plans in conjunction with clients throughout the world to develop commercial scale modular gas to liquid plants.”

CompactGTL is predominantly backed by funds advised by Coller Capital, a global private equity investor.

Jeremy Coller, Chief Investment Officer of Coller Capital, commented: “We acquired our initial holding in CompactGTL as part of the acquisition of a portfolio of companies from a corporate seller. We quickly recognised the business’s potential and have provided follow-on investment to support its continuing growth and development. With this approval from Petrobras the company has passed a critical milestone, demonstrating its leadership in an area with the potential to be a game-changer for oil and gas exploration. I would like to thank Petrobras for its support during this important stage of the company’s development.”

The agreement is for the delivery of pre-FEED and FEED studies for potential commercial-scale modular gas-to-liquids projects. In addition, the five-year framework contract will also cover putting the results of data from CGTL’s various demonstration plants into commercial practice, execution of feasibility and scoping studies and support the delivery of CompactGTL’s EPC (Engineering Procurement & Construction) contracts.

Following a competitive tender process that began in early 2011, Fluor was chosen by CompactGTL for its world-class project management and engineering expertise. Fluor’s team based in Farnborough (UK) and will be supported by its other international offices as required.

Nicholas Gay, Chief Executive, CompactGTL said:

“CompactGTL commercial development has gone from strength to strength and we are attracting world class partners. Fluor has proven experience in the relevant process technologies and a worldwide record of project delivery making them an ideal strategic partner. The company adds strength to our technical and international footprint needs.

“The agreement with Fluor is one of the latest components of our strategy to form an organisation amongst world-class partners that can deliver commercial-scale plants.

“CompactGTL currently has several project studies underway on behalf of multiple clients worldwide. Working with Fluor will enable us to execute our expansion plans to match the need from industry for our modular gas-to-liquids solution.”

CompactGTL exhibited at Africa Oil Week.

Africa Oil Week website

CompactGTL proudly sponsored the GTL Conference where Iain Baxter was a keynote speaker

View presentation given by Iain Baxter

SMi Gas to Liquids Conference website