CompactGTL plc, has announced via a news release that it has entered into an agreement with Fluor Limited, the UK operating division of US headquartered Fluor Corporation.
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.
CompactGTL is a UK company that has a modular gas solution that empowers oil and gas companies to develop fields previously considered un-economic, working with world-class partners to integrate its technology into their operations – adding value to the NPV of oilfields in remote or deepwater locations.
Nicholas Gay, Chief Executive of CompactGTL, said of the new deal, “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.”
“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.”