Hayward to chair CompactGTL

GTL job: Hayward joins board of UK gas-to-liquids outfit

AFP/Scanpix

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Bill Lehane

 07 March 2013 09:29 GMT

Genel Energy chief Tony Hayward is to become non-executive chairman of UK-based gas-to-liquids outfit CompactGTL.

Hayward said that CompactGTL was uniquely positioned to improve negative industry perceptions of the technique with its “game-changing, economically viable solution to the global problem of gas flaring”.  

“With international oil prices set to stay high but regional and local gas prices heading in the opposite direction, this is a very good time to be pursuing this technology, which has the potential to add significant value to operations through monetising oilfield gas,” Hayward said.

The company’s modular plant and floating production systems aim to capture flared gas at the oilfield and convert…

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