CompactGTL is a specialist gas-to-liquids company, focusing on oilfield developments. Where other GTL companies deal exclusively with gas fields, our solution has been specifically designed to solve the associated gas problems of oilfields in remote or deepwater environments.
The CompactGTL technology was originally developed within Accentus plc, formerly part of the UK Atomic Energy Authority. In 2005, Accentus was acquired by Coller Capital, a leading global investor in private equity funding. CompactGTL plc was incorporated in June 2006 and a new management team was recruited to take the business forward as a solution provider to the upstream markets.
CompactGTL’s proprietary technology solution converts gas into synthetic crude oil, or syncrude. However, the economic value of this solution is much greater than simply the syncrude produced as it also enables the costs associated with gas re-injection, or flaring penalties, to be avoided and can even facilitate the development of marginal fields. This provides a clear distinction from the proposition offered by conventional GTL technologies where projects rely on economies of scale and focus on converting gas into high value refined petroleum products.
The headquarters of CompactGTL is in Abingdon, Oxfordshire. Our training centre in Wilton, Teesside provides a facility for on-going demonstration of the CompactGTL process in the UK. . CompactGTL also has a representative office in Rio De Janeiro, Brazil.