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Compactgtl Forms Strategic Alliance with Fluor

Source: www.gulfoilandgas.com 11/21/2011, Location: Europe

CompactGTL plc, the first company to demonstrate a commercial scale modular gas-to-liquids solution, is pleased to announce that it has entered into an agreement with Fluor Limited, the UK operating division of US headquartered Fluor Corporation.

The agreement is for the delivery of pre-FEED and FEED studies for potential commercial-scale modular gas-to-liquids projects. In addition, the five-year framework contract will also cover putting the results of data from CGTL’s various demonstration plants into commercial practice, execution of feasibility and scoping studies and support the delivery of CompactGTL’s EPC (Engineering Procurement & Construction) contracts. Following a competitive tender process that began in early 2011, Fluor was chosen by CompactGTL for its world-class project management and engineering expertise. Fluor’s team based in Farnborough (UK) and will be supported by its other international offices as required.

Nicholas Gay, Chief Executive, CompactGTL said:
“CompactGTL commercial development has gone from strength to strength and we are attracting world class partners. Fluor has proven experience in the relevant process technologies and a worldwide record of project delivery making them an ideal strategic partner. The company adds strength to our technical and international footprint needs.

“The agreement with Fluor is one of the latest components of our strategy to form an organisation amongst world-class partners that can deliver commercial-scale plants.

“CompactGTL currently has several project studies underway on behalf of multiple clients worldwide. Working with Fluor will enable us to execute our expansion plans to match the need from industry for our modular gas-to-liquids solution.”

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