Shale Revolution (II): Natural Gas Will Be Changed To Oil
U.S. innovation, technology and willingness to share it has created an abundance of natural gas for the U. S. and will impact the rest of the world in the coming years
Shale Revolution (II): Natural Gas Will Be Changed To Oil
Monday, 23 January 2012 10:43 New Energy and FuelU.S. innovation, technology and willingness to share it has created an abundance of natural gas for the U. S. and will impact the rest of the world in the coming years. There is also a great deal of natural gas that is ignored, where pipe-lining to market is impractical or uneconomic. The price differential of cheap gas and expensive oil also provides a major incentive to recover exploration risk capital when gas is found and oil is not.
Petrobras, the Brazilian based petroleum firm is reported to have qualified and approved a new technology to convert natural gas to synthetic crude oil. The Petrobras’ CENPES Research and Development Centre completed its trials of the CompactGTL unit prompting Nicholas Gay, chief executive of CompactGTL to say, “The [Petrobras] test program has produced some extremely positive results and has shown the plant can be robust, with the operational availability (the percent of time a unit would operate) 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 offers a modular GTL solution for a variety of natural gas to liquids conversion needs. The modular design and the implicit lower investment cost suggest the vast resource of non-marketable natural gas could become sources of crude oil. That allows a pressure free containment and no temperature input that could then bring the liquid and more energy dense syncrude resources to market. (GWPF)
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