GTL technology could benefit the oil industry

A presentation is to be held this week to discuss the possibility of the oil industry adopting the use of gas to liquid (GTL) technology.

Jeff McDaniel, commercial director of the Oxford Catalysts Group, which includes the US-based company Velocys, will be speaking at the World XTL Summit in London on June 8th about how use of this technology could prevent gas being squandered.

He will be discussing the use of GTL technology to deal with associated gas produced along with oil.

As a cost effective measure this is usually disposed of by flaring or by re-injection into the reservoir however the event will discuss the use of GTL technology as a tool to eliminate flaring and to capture energy from stranded and associated gas.

"The technical, environmental and commercial advantages associated with microchannel GTL mean that it offers an ideal solution for taking advantage of this abundant potential energy source," Mr McDaniel explained.