small gtl joint industry project
DESCRIPTION
The Small Gas-To-Liquid (SGTL) JIP is a Joint Industry Project on small GTL Technologies. It focuses on the exploitation of upstream associated gas through Gas-To-Liquid processes. Indeed, new SGTL technologies and an oil-to-natural gas spot price ratio at historical high records are pushing toward monetization of natural gas - whereas associated gas or small remote fields - on the oil products market. In addition the exploitation of new fields where associated gas cannot be re-injected into the ground creates new opportunities for SGTL technology providersTRANSCRIPT
SmallGTL JIP International Joint Industry Project
Image’s copyright to its rightful ow
ner
© Det Norske Veritas AS. All rights reserved. 2
SGTL: smaller, affordable….everywhere?
Image courtesy of Sasol-Chevron
Imag
e co
urte
sy o
f App
le
Source: http://lcwell.blogspot.co.uk
Image courtesy of Velocys
© Det Norske Veritas AS. All rights reserved. 3
JIP General Overview
$57 billion worth of Natural Gas was flared in 2010
- Remote location offshore associated gas lacks infrastructure
- World Flaring 134 Billion cubic meters/year (Germany consumes about 90 Bcm/yr)
- Gas / Oil arbitrage at historical high
Background
Image courtesy of Velocys
Image courtesy of IPS
© Det Norske Veritas AS. All rights reserved. 4
JIP General OverviewThe Situation
There is an urgent need for associated gas monetization infrastructure
Hundreds of possible SGTL configurations with many new SmallGTL technology providers out there each proposing many different products
“The challenge for gas-to-liquid technology is not high cost, it is high risk”Dr. Dane A. Boysen ARPA US DOE,
February 2012
© Det Norske Veritas AS. All rights reserved. 5
JIP Objectives
Reduce/stop Associated Gas Flaring
Exploit Remote Gas fields
Skid mounted/containerized Small GTL for FPSO and offshore platforms
Reduce risks related to SGTL Technology Developments Offshore
Primary focus on Offshore Associated Gas
The offshore sector can manage high risk technologies portfolio with a dedicated risk based approach
Image courtesy of Velocys
© Det Norske Veritas AS. All rights reserved.
Example of JIP Structure
6
Offshore StructureSupplier
SGTL Supplier
EPC Company
Classification Society
Topsides Engineering
Company
Operator
Partners
Leading Partners
Group II:Oil & Gas Companies
and Ship Owners
Group I: Suppliers, Consultants, Learning
& Regulatory Bodies, Research Institutes & Universities
Group III: Governmental Bodies,
National Institutes, Banks, etc
Participants
© Det Norske Veritas AS. All rights reserved. 7
Objectives
State of the Art SGTL Technology Review Economic Model
Economics of modular SGTL
Risk Based approach to Technology Assessment Identification of show-stoppers: technical, safety and environment
BEST SGTL CONCEPT SELECTION REPORTbased on:
© Det Norske Veritas AS. All rights reserved. 8
Technology Concept Improvement
Suitability for Offshore Environment Safety and environmental study Ease of containerization & modularization SGTL conversion efficiency Ease of associated gas volume production adaptability Topsides systems integration SGTL modules moving infrastructures (planes, cranes, ships,
trailers etc)
PREFERRED SGTL PROCESS CONFIGURATION based on:
© Det Norske Veritas AS. All rights reserved. 9
Proposed JIP schedule
© Det Norske Veritas AS. All rights reserved. 10
Proposal of Property map
JIP Work Product
Set of basic documents delivered to the Partners to summarise project results.
Public Disclosures of JIP Work Product
for Marketing Purposes
Leading Partners Working Information
Drawings, Calculations, Philosophies, etc, within this segment, will belong to
the originating company or companies. However, can be used within the Leading
Partners in a confidentiality basis
Know-How of Leading Partners Companies
• Belongs to the originating companies. Its disclosure will be limited to what is
necessary to develop the project
• In general, this information is protected by patent rights and is derived from the
companies experience
• The cost of developing this information, will not be charged into the Project account
© Det Norske Veritas AS. All rights reserved. 11
Participant Fees Estimates (2 Phases)
Group I: €20,000 x 2 Suppliers, Consultants, Learning
& Regulatory Bodies, Research Institutes & Universities
Group II: €40,000 x 2Oil & Gas Companies
and Ship Owners
Group III: €40,000 x 2 Governmental Bodies,
National Institutes, Banks, etc
Or work in kind
Imag
e co
urte
sy o
f N
owat
ec
© Det Norske Veritas AS. All rights reserved. 12
Interested ? Contact DNV:
Selim StahlSenior Risk SpecialistStructures, Pipeline & RiskEmail: [email protected]: +45 60 35 15 76
© Det Norske Veritas AS. All rights reserved. 13
Safeguarding life, property and the environment
www.dnv.com