What's new in production ///
More on gas to liquids applications. Our Editor, Perry Fischer, offers a few comments on a recent announcement from FMC Technologies, Inc., that a joint-venture company, GTL MicroSystems, has been established between FMC and UK-based Accentus plc, a subsidiary of AEA Technology plc, for commercial development of gas-to-liquid (GTL) technology. FMC has a majority ownership interest in the JV.
Perry says, if the press release were taken at its word, this new GTL venture would change the world – or at least the oil field as we know it. The ability to monetize stranded gas reserves as low as 10 MMcfd, as the release says, implies that a 25-Bcf gas field in East Siberia can be economically produced. If not for the fact that FMC Technologies was involved, I might be too skeptical to write this (I’m not familiar with UK-based Accentus plc), Perry says. But FMCT has a good track record and, after a lengthy discussion with the new JV’s product champion, the technology does have merit.
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