Congratulations PED for the first PETRONAS Technology Challenge 2017

TRANSWATER / MTC Engineering Consortium, the consortium between TRANSWATER API Sdn Bhd and MTC Engineering Sdn Bhd was named as the winner of the inaugural PETRONAS Technology Challenge 2017 on Monetisation of Associated Gas from Offshore Flares. The challenge which was led by Project Engineering Division (PED) and MTC, has proposed the solutions on Floating Compressed Natural Gas system (FCNG) with innovative CNG transfer system.

The goal of this challenge is to discover the best economic solutions to monetise Associated Gas (AG) from Offshore flaring facilities which has neither existing gas utilisation nor evacuation infrastructure. The objective is to beneficially utilize the hydrocarbon resource and reduce the carbon footprint and its intensity.

Although the recent advances in technology has enabled economic deployment of various gas monetisation system in onshore environments, the challenge to bring this solutions offshore still remains.

PETRONAS received 34 completed proposals from 10 different countries with different range of solutions in this challenge. The solutions ranged from Gas Processing, Gas to Liquid, Gas to Power, Gas to Solids, and even Gas to Food.  These proposals were subjected to an evaluation based on the criteria developed by PETRONAS team of techno-commercial expert.

As a winning solution, PETRONAS will continue to work further with us to proceed with maturation of the proposal and subsequent deployment upon meeting and agreed mutual target.

Again, on behalf of the management and staffs, congratulations to the team and keep up the good work!

For more details on PETRONAS Technology Challenge, please log on to  http://www.petronas.com.my/TechChallenge/Pages/default.aspx