Modular GTL Industry Approved & Operating

Transcription

1 Modular GTL Industry Approved & Operating World XTL 12 Summit : 21 st to 23 rd May 212 London Iain Baxter Director of Business Development Slide 212 CompactGTL plc

2 Safe, operable & industry approved technology Access & develop remote oilfields onshore & offshore Increase NPV of oilfield developments Slide CompactGTL plc

3 World s first modular fully integrated GTL facility! Gas pre-treatment Pre-reforming Reforming Waste heat recovery Process steam generation Plant commissioned in December 21. CompactGTL technology now approved by Petrobras for deployment Slide CompactGTL plc Syngas compression Fischer Tropsch synthesis FT cooling water system Tail gas recycling Image shown courtesy of Petrobras

4 3 Proven & Operational GTL Processes Today World Scale GTL Gas Monetization 3MMscf/d ++ Modular GTL Oilfield Access <= 5MMscf/d Slide CompactGTL plc

5 Conventional GTL vs CompactGTL < 5, bbl/d << 1 Football Field Shell Pearl - Qatar 14, bbl/d GTL Products 45 Football Fields Slide CompactGTL plc

6 Development of the CompactGTL Process Client Funded Project Studies - GAZPROM Onshore Russia - Other IOC s under NDA - 2bpd to 5,bpd Brazil Commercial Demonstration Plant - 18 Months operations - Process approval Dec 211 UK Pilot Plant - 4 Years operations - Reactor & catalyst manufacturer selection - Now an Operator training centre Lab Scale Development - 12 Years rig operations & modelling - Reactor & catalyst development - Independent verification Slide CompactGTL plc

7 Stranded Oil! $ $ $ $ Slide CompactGTL plc

8 What makes some oil stranded? Remote oilfields with enforced gas flaring legislation Gas re-injection is : - Not feasible or.. - Expensive or.. - A risk to the reservoir STOP! No infrastructure Gas export is : - Not feasible or.. - Expensive or.. - Has no fair gas buyer Slide CompactGTL plc

9 8 Oilfields with Problematic Associated <5MMscf/d Offshore Onshore Analysis by Wood Mackenzie & Fugro Robertson Slide CompactGTL plc

10 Options for Associated Gas Distance to market for converted product [km] Gas to Wire 5 Reinjec(on & Flaring CNG 2 Associated Gas MMscf/d FLNG Pipeline 4 Slide CompactGTL plc

11 2 5 MMscf/d Blend Syncrude with the Crude Oil Export SMR 2 SMR modules FT 4 FT modules Standardised mass produced SMR & FT modules Road / rail transportable reactor modules Bespoke balance of plant to suit client project Slide CompactGTL plc

12 Delivery World Class Clients & Partners Clients Include Majors & IOC s Reactor Manufacture FEED & PM / Execu(on FPSO Integra(on & PM / Execu(on Catalyst Manufacture Slide CompactGTL plc

13 25MMscf/d GTL Integrated FPSO SBM Offshore Fully Integrated Design Up to 5, bbl/d Crude Produc<on 2, bbl/d GTL Liquids Produc<on Slide CompactGTL plc Image courtesy of SBM Offshore

14 Modular Plant Critical for Oilfield Projects Modular Plant - Inherent Reliability - Scaleability - Operability - High Turn Down - Access to Site - Reactor Changeout Slide CompactGTL plc

15 Enhanced Oilfield NPV : GTL vs a feasible but high cost ANG option Gas Re-Injection or Pipeline to Market Oilfield NPV Integrated CompactGTL Oilfield NPV Syncrude PV 1MMscfd ANG Processed to 1, bpd Syncrude Facilities Capital Cost PV Facilities Capital Cost PV Gas Disposal Crude Revenue PV GTL Plant Crude Revenue PV Operations & Tax PV Operations & Tax PV Penalties or Delay GTL Opex Slide CompactGTL plc

16 Enhanced Oilfield NPV : GTL liberates shut-in production Existing or Planned Field subject to ANG Flaring Cap Oilfield NPV Integrated CompactGTL Oilfield NPV Liberated Crude Revenue PV Syncrude PV 1MMscfd ANG Flaring cut liberates 1, bpd GOR=1, Facilities Capital Cost PV Operations & Tax PV Existing Crude Revenue PV Facilities Capital Cost PV GTL Plant Operations & Tax PV Crude Revenue PV Slide CompactGTL plc GTL Opex

17 Case Study Onshore West Africa Existing oilfield operation GOR = 1, >15 years life remaining Flaring reduction targets restricting production Re-injection prohibitive Terrain & distance prevent gas gathering CompactGTL Solution 1MMscf/d plant gives 1, bpd syncrude 1, bpd liberated crude production Incremental NPV US$8MM Low sensitivity to CAPEX & OPEX 1 MMscfd Modular Onshore GTL Plant Slide CompactGTL plc

18 Case Study Onshore West Africa Incremental Cash Flow Slide CompactGTL plc Economics by Fugro Robertson

19 Small scale GTL for stranded gas? Liquid / Gas Arbitrage Sensitivity Small Scale Remote Gas & Shale Gas to Liquids Large Scale Gas to Liquids Small Scale Associated Gas to Liquids Project Cost Sensitivity Projects must carry the cost of the whole gas field development Projects benefit from economies of scale, making it less sensitive to project costs & commodity prices Projects only carry the incremental GTL costs and benefit from additional natural liquid revenues Slide CompactGTL plc

20 Why is this now possible? Conventional Tubular steam Reformer / ATR Conventional FT reactor e.g. slurry phase 1x increase in specific throughput Compact SMR Reactor Compact FT Reactor CompactGTL reactors using brazed plate & fin construction Slide CompactGTL plc

21 Mini-channel CompactGTL reactors Automated catalyst insertion & removal Corrugated metallic catalyst inserts maximise active surface area per channel Brazed Plate-Fin reactor construction minimises metal content / weight Slide CompactGTL plc

22 SMR Reactor Core Construction Slide CompactGTL plc

23 FT Reactor Core Construction Slide CompactGTL plc

24 Process Overview gas treatment Syngas production FT synthesis pre-wash steam FT cooling System gas feed mercury removal heating prereformer SMR 1 reactor modules SMR 2 reactor modules steam generation (WHB) syngas compressor FT 1 reactor modules FT 2 reactor modules sulphur removal No Oxygen Required! water treatment High CO 2 Possible! HC rich tail-gas product flash GT drivers H 2 rich tail-gas syncrude Slide CompactGTL plc

25 A Win-Win for IOC s, NOC s & Governments Safe, operable & industry approved technology Access & develop remote oilfields onshore & offshore Increase NPV of oilfield developments Slide CompactGTL plc

26 Modular GTL Industry Approved & Operating World XTL 12 Summit : 21 st to 23 rd May 212 London Iain Baxter Director of Business Development Slide CompactGTL plc