Petrofac

Petrofac, a leading provider of oilfield services, owns several floating production, storage and offload (FPSO) vessels. These ships, which are designed to process and store oil at offshore oil fields, are currently forced to flare (burn) the associated gas, which comes as a part of the crude oil extracted from the field. IRP Delft investigated whether it is possible to turn this liability in economic value by conducting a technical and financial feasibility study on the application of a technology on the FPSO that converts the gas into synthetic oil.