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    PGS and Syntroleum pursue partnership

    News // May 18, 2001
    Syntroleum Corporation and Petroleum Geo-Services ASA have announced that they have signed a letter of intent to pursue a joint venture to develop, market andoperate mobile marine production facilities, based on Syntroleum's proprietarygas-to-liquids (GTL) technology.

    If completed, the joint venture will be a separate operating company that offers contract GTL services to gas producers to convert otherwise stranded natural gas from offshore fields into marketable hydrocarbon products ranging from synthetic crude to finished fuels, such as diesel and jet fuel.

    The mobility of floating facilities will permit their use at multiple locations, thereby providing access to fields that are otherwise too small to justify permanent GTL facilities. Such facilities could also enable conversion and use of gas that is normally flared or wasted.

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