Innovation Gateway @ PETRONAS
Pain Points:
Offshore flaring in mature oil fields wastes associated petroleum gas (APG) due to lack of infrastructure, causing economic inefficiency and environmental impact, with technological barriers hindering onshore gas monetisation solutions offshore.
Requirements:
Need a cost-effective, technically feasible solution for offshore APG monetisation in mature fields without existing infrastructure, maximising resource use, reducing carbon footprint, being economically viable and deployable offshore, and adaptable to various environments.
Winner:
Transwater / MTC Engineering Consortium's Floating Compressed Natural Gas (FCNG) System - a floating solution with innovative CNG transfer systems for offshore gas capture and monetisation without extensive fixed infrastructure, slated for future development and deployment.
Tech Challenge
