CompactGTL is the specialist gas-to-liquids company, focusing on oilfield developments. Where other GTL companies deal exclusively with gas fields, this company's technology has been specifically designed to solve the associated gas problems of oilfields in remote or deepwater environments.
Compact's business and strategy is focused on providing a unique value creating solution to the costly problem of associated gas disposal in the upstream oil and gas industry. Compact's proprietary technology solution converts gas into synthetic crude oil, or syncrude. However, the economic value of this technology 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 value proposition of conventional gas to liquid technologies and projects focus on converting gas into high value refined petroleum products.
Compact also benefits from a strong and well balanced management team with the experience and expertise to execute the business plan and strategy, bring the technology to market and overcome any technical, commercial and financial issues that may arise. Compact's senior management have extensive experience in leading large and small companies as well as managing technical teams, and delivering and commercialising innovative technology.
To remain at the forefront of technology development, Compact employs leading scientists, the majority of whom have previously worked for the UK Atomic Energy Authority. Continued investment in research and development will be maintained to sustain Compact's technical competitive advantages with a focus on accelerating full commercialisation of the technology through strategic partnerships and pilot/demonstration plants with industry leaders.
