HAMILTON, Bermuda--(BUSINESS WIRE)--Nov. 5, 2001--Foster Wheeler Ltd. (NYSE: FWC) announced that its subsidiaries in the United Kingdom and Nigeria have been awarded a $20 million, front-end engineering and design (FEED) contract, by Chevron Nigeria Ltd (CNL) for a gas-to-liquids (GTL) project.
Chevron Nigeria Ltd is a joint venture of Chevron and the Nigeria National Petroleum Corporation.
Foster Wheeler will be responsible for the FEED and the preparation of the invitation to tender for the engineering, procurement and construction (EPC) contract. The scope of work also includes the issue of inquiry for long-lead equipment items, preparation of project estimates and assistance for early works activities.
The GTL plant is a major natural gas initiative by project asset owners CNL and will be built in Escravos, Nigeria. It provides significant environmental benefits by eliminating the flaring of natural gas and instead converting it to produce ultraclean GTL fuel.
The plant will produce 34,000 bpd of premium quality GTL fuel (synthetic fuel suitable for diesel engines) and naphtha products.
The plant is the first of its kind to utilize the Sasol Slurry Phase Distillate process, a new technology for a gas-to-liquids plant. The technology optimally integrates three state-of-the-art GTL technologies from Haldor Topsoe, Sasol and Chevron to produce GTL fuel and chemical naphtha for export. This process is a commercially proven proprietary Sasol technology for converting natural gas into liquid hydrocarbon in three steps.
Ian Bill, chairman and chief executive, Foster Wheeler Energy Limited, said, "This project will use the leading application of GTL technology. It has global significance because the eradication of gas flaring will produce significant benefits for the environment and local community."
Foster Wheeler Awarded Contract for Gas-To-Liquids Project in Qatar
SYNTROLEUM, ADVANTAGE AND ENAP TO PURSUE GAS-TO-LIQUIDS PROJECT IN CHILE
...Santiago, Chili ¾ Syntroleum Corporation (Nasdaq: SYNM) announced today that it has signed an agreement with Empresa Nacionál del Petroleo (ENAP), the national oil company of Chile, and Advantage Resources International, headquartered in Denver, Colorado to conduct a project assessment study for a 10,000 barrel per day synthetic fuels plant to be located at the ENAP-owned Cabo Negro Industrial Park near Punta Arenas, Chile. The proposed project would utilize currently available natural gas delivered by pipeline from fields in Argentina and Chile..... Deal to put one in Alaska
There are several companies working on this sort of thing. Also, there are companies working on ways to upgrade heavy grades of crude oil into more useable grades.And there is at least one company that has developed an oil well pump designed for low producing wells like we have in the US. The new pumps can pump from these wells at a cost competitive with the current price of oil, and get many wells in the us that have been capped back into production.