Sumitomo's Gas-to-Synthetic Crude Process Enters Commercial Phase

Japan's Sumitomo Corporation said Monday that it has signed a commercial contract with UK-based CompactGTL (CGTL), Japan-based Sumitomo Precision Products and Japan-based Kawasaki Heavy Industries to supply reactor blocks which are able to convert associated gas into synthetic crude oil. 

"We are unable to place a value on this contract as the technology is a pioneer one. The commercial value of the project cannot be determined at present," a Sumitomo Corporation spokesperson told Rigzone.
 
A demonstration plant for the technology was commissioned at Petrobras' Aracaju site in Brazil in December 2010 as a test project. The project was deemed as a success and ready for commercial production in January 2012. CGTL was the supplier of the reactor blocks for the test project. Sumitomo Corporation was contracted by CGTL to design and manufacture the reactor blocks.
 
"Sumitomo Corporation is seeking to win orders and expand sales by enabling oilfield development in regions such as Russia, Africa, the Middle East, Asia and South America," added the spokesperson.
 

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
QA/QC Engineer
Expertise: Mechanical Engineering|QA / QC / Inspection
Location: Houston, TX
 
Electronics technician
Expertise: Electrical Technician|Field Service Tech|Mechanical Technician
Location: El Reno, OK
 
Senior Operator 1 - Slickline
Expertise: Slickline
Location: Kenai, AK
 
search for more jobs

Brent Crude Oil : $48.6/BBL 1.12%
Light Crude Oil : $46.34/BBL 1.24%
Natural Gas : $2.9/MMBtu 2.35%
Updated in last 24 hours