Industry conditions ripe for CNG

摘要

New technology expands stranded gas development options. With increasing field development costs and stable high gas prices, the oil and gas industry is searching for innovative ways to produce hydrocarbons from frontier development areas while minimizing life-of-asset costs. Frontier areas include deep and ultra-deep water as well as shallowwater areas where there is limited infrastructure. EnerSea Transport LLC developed a floating gas production and compressed natural gas (CNG) carrier called VOTRANS to addresses the challenges operators are facing. The company has improved upon VOTRANS, creating an all-in-one gas production and transport system called GPSS (gas production storage shuttle).