With oil prices at historic highs – in what
most observers and analysts regard as a structural rather than
cyclical shift – the economics of GTL projects have changed
fundamentally. Despite the cost escalation in
commodity costs and engineering that has taken place over the past
four years, GTL projects are still potentially profitable, and still
attracting the attentions of investment banks interested in
providing finance for them. Two key challenges remain: getting
technology to work as intended, and project execution of what can be
massive and complex undertakings.
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How will the new fundamentals affect existing
projects? What new operations are being planned? Will suspended
projects be re-examined? This conference
takes a fresh look at the prospects for GTL in the light of the new
economic environment – looking not just at the very large projects
we have seen implemented to date, but also technologies appropriate
to smaller-scale developments.
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Key themes will include:
• Prospects for GTL in light of high long-term oil prices
• Updates of key projects including Oryx and Pearl
• Is GTL
an economically viable way of monetising gas?
• Technology developments