Section 1
539kb |
1.0 |
Introduction |
2.0 |
Executive Summary |
|
2.1 |
Study Objective |
2 |
2.2 |
Study Basis |
2 |
2.3 |
The GTL Process |
2 |
2.4 |
Site Selection |
3 |
2.5 |
Technology Licensors |
4 |
2.6 |
Marketing Study |
5 |
2.7 |
Economic Analysis |
6 |
2.8 |
Recommendations |
9 |
2.9 |
Strategy Options |
9 |
3.0 |
Study Bases |
|
3.1 |
Scope & Bases of Study |
1 |
|
3.1.1 |
Scope of Study |
1 |
3.1.2 |
Bases of Study |
2 |
|
3.1.2.1 |
Gas Composition |
2 |
3.1.2.2 |
Supply Pressure and Temperature |
2 |
3.1.2.3 |
Gas Price |
3 |
3.1.2.4 |
Plant Capacity |
3 |
3.1.2.5 |
Potential Sites |
3 |
3.1.2.6 |
Market Analysis |
3 |
3.1.2.7 |
GTL Products |
4 |
3.1.2.8 |
GTL Technologies |
4 |
3.1.2.9 |
Economic Parameters |
4 |
3.1.2.10 |
Business Approach |
5 |
3.1.2.11 |
Synergy Issue |
5 |
Section 2
1051kb |
4.0 |
Natural Gas Supply |
|
4.1 |
Overview |
1 |
4.2 |
Reserves and Sources |
3 |
|
4.2.1 |
Gas Reserves and Production - Present |
4 |
4.2.2 |
Gas Reserves and Production - Future
Developments |
10 |
4.3 |
Transportation Pipelines |
12 |
|
4.3.1 |
Present System |
13 |
4.3.2 |
Future Developments |
15 |
4.4 |
Infrastructure Related Issues |
18 |
|
4.4.1 |
Plant Feedstock |
18 |
4.4.2 |
Gas Pricing |
19 |
Section 3
739kb |
5.0 |
Industry Status |
|
5.1 |
Overview |
1 |
5.2 |
Current Gas Processing Facilities |
3 |
|
5.2.1 |
NGL Extraction Plants |
5 |
|
5.2.1.1 |
Western Venezuela |
5 |
5.2.1.2 |
Eastern Venezuela |
8 |
5.3 |
Future Development |
9 |
|
5.3.1 |
NGL Extraction and Fractionation Plants |
10 |
|
5.3.1.1 |
Western Venezuela |
10 |
5.3.1.2 |
Eastern Venezuela |
10 |
5.3.2 |
LNG Projects |
12 |
5.3.3 |
Other Projects |
14 |
5.4 |
Gas Industry Legal Framework |
15 |
Section 4
739kb |
6.0 |
Study Site |
|
6.1 |
PDVSA's Rationale for Selecting the Three
Sites |
1 |
|
6.1.1 |
Anaco |
2 |
6.1.2 |
Jose |
2 |
6.1.3 |
Güiria |
3 |
6.2 |
Key Parameters for Selection |
3 |
6.3 |
Individual Site Related Information |
4 |
|
6.3.1 |
Jose |
4 |
|
6.3.1.1 |
Geographic Information |
5 |
6.3.1.2 |
Geotechnical Data |
7 |
6.3.1.3 |
Construction Issues |
8 |
6.3.1.4 |
Available Infrastructure and Related Facilities |
9 |
6.3.1.5 |
Utilities |
11 |
6.3.1.6 |
Synergy Opportunities |
12 |
6.3.1.7 |
New Infrastructure Requirements |
14 |
6.3.2 |
Anaco |
15 |
|
6.3.2.1 |
Geographic Information |
15 |
6.3.2.2 |
Geotechnical Data |
17 |
6.3.2.3 |
Construction Issues |
18 |
6.3.2.4 |
Available Infrastructure and Related Facilities |
18 |
6.3.2.5 |
Utilities |
21 |
6.3.2.6 |
Synergy Opportunities |
22 |
6.3.2.7 |
New Infrastructure Requirements |
23 |
6.3.3 |
Güiria |
24 |
|
6.3.3.1 |
Geographic Information |
25 |
6.3.3.2 |
Geotechnical Data |
26 |
6.3.3.3 |
Construction Issues |
27 |
6.3.3.4 |
Available Infrastructure and Related Facilities |
28 |
6.3.3.5 |
Utilities |
28 |
6.3.3.6 |
Synergy Opportunities |
29 |
6.3.3.7 |
New Infrastructure Requirements |
30 |
6.4 |
Summary Table |
32 |
References |
37 |
Section 5
1336kb |
7.0 |
Marketing Study |
|
7.1 |
Overview |
1 |
7.2 |
Summary |
3 |
7.3 |
Products |
6 |
|
7.3.1 |
LPG |
6 |
|
7.3.1.1 |
Supply and Demand |
6 |
7.3.1.2 |
Price |
7 |
7.3.2 |
Naptha |
7 |
|
7.3.2.1 |
Supply and Demand |
7 |
7.3.2.2 |
Price |
9 |
7.3.2.3 |
Recommended Capacity |
10 |
7.3.3 |
Kerosene |
10 |
|
7.3.3.1 |
Supply and Demand |
10 |
7.3.3.2 |
Price |
11 |
7.3.3.3 |
Jet Fuel/Kerosene Quality |
11 |
7.3.4 |
Diesel |
12 |
|
7.3.4.1 |
Supply and Demand |
12 |
7.3.4.2 |
Diesel Fuel Specifications |
13 |
7.3.4.3 |
Price |
15 |
7.3.4.4 |
Diesel Quality |
19 |
7.3.5 |
Normal Paraffins |
22 |
|
7.3.5.1 |
Supply and Demand |
22 |
7.3.5.2 |
Price |
24 |
7.3.5.3 |
Recommended Capacity |
24 |
7.3.5.4 |
Product Properties |
25 |
7.3.6 |
Waxes |
26 |
|
7.3.6.1 |
Supply and Demand |
26 |
7.3.6.2 |
Price |
29 |
7.3.6.3 |
Recommended Capacity |
29 |
7.3.6.4 |
Product Properties |
30 |
7.3.7 |
Synthetic Lubricants |
30 |
|
7.3.7.1 |
Supply and Demand |
31 |
7.3.7.2 |
Price |
32 |
7.3.7.3 |
Recommended Capacity |
33 |
7.3.7.4 |
Product Properties |
34 |
7.3.8 |
Synthetic Crude |
34 |
7.3.9 |
Oxygenates |
35 |
|
7.3.9.1 |
Supply and Demand |
35 |
References |
36 |
Section 6
935kb |
8.0 |
Technology Evaluation |
|
8.1 |
Overview |
1 |
|
8.1.1 |
Gas To Liquids (GTL) Conversion Technology |
1 |
8.1.2 |
GTL Facility |
3 |
|
8.1.2.1 |
Syngas Production |
5 |
8.1.2.2 |
Fischer-Tropsch Synthesis Unit |
7 |
8.1.2.3 |
Product Work-Up |
10 |
8.1.2.4 |
Reaction Water Treatment |
12 |
8.2 |
Licensor Information |
15 |
|
8.2.1 |
Full GTL Plant |
15 |
|
8.2.1.1 |
Exxon Advanced Gas Conversion for the 21st Century
(Agc-21) |
15 |
8.2.1.2 |
Shell Middle Distillate Synthesis (SMDS) |
15 |
8.2.1.3 |
Sasol |
19 |
8.2.1.4 |
Syntroleum |
22 |
8.2.2 |
Syngas Production |
24 |
|
8.2.2.1 |
Texaco |
24 |
Section 7
659kb |
8.2.2.2 |
Lurgi |
26 |
8.2.2.3 |
Kruppe/Uhde |
26 |
8.2.3 |
Fischer-Tropsch |
28 |
|
8.2.3.1 |
Rentech |
28 |
8.2.3.2 |
PDVSA/Intevep |
29 |
8.2.4 |
Product Work-Up |
31 |
|
8.2.4.1 |
UOP |
31 |
8.2.4.2 |
IFP |
33 |
8.3 |
Licensor Evaluation |
37 |
|
8.3.1 |
Exxon |
38 |
8.3.2 |
Shell |
38 |
8.3.3 |
Sasol |
38 |
8.3.4 |
Syntroleum |
39 |
8.3.5 |
Rentech |
39 |
8.3.6 |
PDVSA/Intevep |
39 |
8.3.7 |
Summary of Licensor Data |
40 |
8.3.8 |
Ranking of Licensors |
40 |
8.4 |
Future Advancements in GTL Technology |
42 |
8.5 |
Discussion |
44 |
|
8.5.1 |
General |
44 |
8.5.2 |
Exxon |
45 |
8.5.4 |
Shell |
45 |
Section 8
561kb |
8.5.5 |
Sasol |
46 |
8.5.6 |
Syntroleum |
46 |
8.5.7 |
Rentech |
46 |
8.5.8 |
PDVSA/Intevep |
46 |
9.0 |
Process Modeling |
Section 9
886kb |
10.0 |
Economic Analysis |
|
10.1 |
Overall Methodology |
1 |
10.2 |
"Short Term" Cases |
4 |
|
10.2.1 |
General |
4 |
10.2.2 |
Exxon |
5 |
10.2.3 |
Shell |
5 |
10.2.4 |
Sasol |
5 |
10.2.5 |
Syntroleum |
6 |
10.2.6 |
Rentech |
8 |
10.2.7 |
PDVSA/Intevep |
9 |
10.2.8 |
Recommended Technology |
10 |
10.3 |
"Long Term" Cases |
16 |
|
10.3.1 |
General |
16 |
10.3.2 |
Exxon |
16 |
10.3.3 |
Shell |
17 |
10.3.4 |
Sasol |
17 |
10.3.5 |
Syntroleum |
18 |
10.3.6 |
Rentech |
19 |
10.3.7 |
PDVSA/Intevep |
20 |
10.3.8 |
Recommended Technology |
22 |
Section 10
1498kb |
10.4 |
Site Selection Economics |
28 |
|
10.4.1 |
TIC Site Conversion Factor |
28 |
10.4.2 |
"Short Term" Case |
34 |
10.4.3 |
"Long Term" Case |
35 |
10.5 |
Risk Analysis & Sensitivity Studies |
40 |
|
10.5.1 |
Methodology |
40 |
10.5.2 |
"Short Term" Case |
42 |
|
10.5.2.1 |
Risk Analysis |
43 |
10.5.2.2 |
Sensitivity Analysis |
46 |
10.5.2.3 |
"Short Term" Case Conclusions |
50 |
10.5.3 |
"Long Term" Case |
51 |
|
10.5.3.1 |
Risk Analysis |
52 |
10.5.3.2 |
Sensitivity Analysis |
55 |
10.5.3.3 |
"Long Term" Case Conclusions |
59 |
11.0 |
Recommend Cases |
|
11.1 |
General |
1 |
11.2 |
"Short Term" Project |
1 |
11.3 |
"Long Term" Project |
6 |