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Petrobras To Produce Synthetic Oil

Petrobras signed a cooperation agreement with Britain's Compact GTL

Brazil's state-owned oil and gas giant Petrobras yesterday signed a cooperation agreement with Britain's Compact GTL on a pilot-plant to produce synthetic oil from associated natural gas.

The plant was designed to be installed on a floating platform that produces, processes, stores, and offloads oil.

The agreement is estimated at US$10.6 million and is valid for three years. It involves all productive stages, ranging from the elaboration of the pilot-plant, which will produce 20 barrels a day, to the construction of an onshore test area for Petrobras.

The agreement also includes the evaluation of the plant's performance, as well as the details of the conceptual project for an industrial unit capable of producing 1,500 barrels per day.

In the GTL (gas-to-liquids) process, natural gas is chemically transformed into synthetic oil. An extremely compact technology will be an innovation for the process, according to the Brazilian company.