SBM, CompactGTL form floating technology pact

Offshore staff

MONACO -- SBM Offshore has signed an agreement with UK-based CompactGTL to cooperate exclusively on offshore projects.

CompactGTL’s gas-to-liquids technology for floating production systems is designed to reduce gas flaring by converting associated gas into synthetic crude oil that can be blended into the produced crude.

The two companies have worked together since 2008 and this agreement could lead to development of the first fully integrated offshore modular GTL solution.

Mike Wyllie, chief technology officer, SBM Offshore said: "SBM Offshore and CompactGTL provide complimentary expertise, and by combining this we have been able to develop an exciting new FPSO product which will be a very attractive solution for associated gas disposal in ultra-deepwater fields."

10/10/2012

 

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