fuels & oils storefront

ORYX Gas To Liquids Ltd (QSC) - News Release

ORYX GTL plant producing and on target for first shipment

The ORYX GTL plant is now producing intermediate product and only the product work-up unit now remains to be tested. The first shipment will be ready for market in the last week of March.

Speaking at the GTLtec conference in Doha, Qatar on Monday, Chris Turner, General Manager of ORYX GTL said that, subject to current levels of progress being maintained, the plant will achieve this milestone in the first quarter of 2007 as previously announced.

He said:

“The FT technology has produced intermediate product and has proved itself. Overall the start-up is progressing smoothly, though, as we expected, it has not been without its challenges. This goes with the territory however, and I'm very pleased with the plant and very pleased with the team. Barring the unexpected, we expect to achieve the first quarter target we set ourselves.”

ORYX GTL was inaugurated in June 2006 and since then has been subject to a progressive start-up process.

Chris Turner said:

“As is typical of plants of this scale anywhere in the world, we have followed a detailed, sequential start-up process. There is no magic switch that gets flicked to start 34,000 barrels of product per day flowing.

Each of our systems has to be started sequentially and, once they are running successfully, you can move on to the next one. The process takes time and you can't cut corners.

The plant was completed within budget . While start-up has taken a couple of months longer than we anticipated, that's not much on a pioneering and complex project like ORYX GTL.

The message today is that ORYX GTL works and is on track to be the highly successful pioneer for a global industry that we always said it would be. That's good news for Qatar and its good news for the GTL industry as a whole.”

End.

Contacts:

Malcolm Wells
Communications Manager (SasolChevron)
Tel: (+44) 20 7487 8994
Mobile: (+44) 7812 166261
e-mail: wems@sasolchevron.com

 

El-Mahdi Eltaher
PR Coordinator, ORYX GTL Ltd.
Tel.: (+974) 474 3669
Mobile: (+974) 5265720
e-mail: e.eltaher@oryxgtl.com.qa

 


 

last updated: 22 Jan 2007

Sasol may, in this document, make certain statements that are not historical facts and relate to analyses and other information which are based on forecasts of future results and estimates of amounts not yet determinable. These statements may also relate to our future prospects, developments and business strategies. Examples of such forward-looking statements include, but are not limited to, statements regarding exchange rate fluctuations, volume growth, increases in market share, total shareholder return and cost reductions. Words such as "believe", "anticipate", "expect", "intend", "seek", "will", "plan", "could", "may", "endeavour" and "project" and similar expressions are intended to identify such forward-looking statements, but are not the exclusive means of identifying such statements.

By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and there are risks that the predictions, forecasts, projections and other forward-looking statements will not be achieved. If one or more of these risks materialise, or should underlying assumptions prove incorrect, our actual results may differ materially from those anticipated. You should understand that a number of important factors could cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in such forward-looking statements. These factors are discussed more fully in our most recent annual report under the Securities Exchange Act of 1934 on Form 20-F filed on 12 October 2012 and in other filings with the United States Securities and Exchange Commission. The list of factors discussed therein is not exhaustive; when relying on forward-looking statements to make investment decisions, you should carefully consider both these factors and other uncertainties and events. Forward-looking statements apply only as of the date on which they are made, and we do not undertake any obligation to update or revise any of them, whether as a result of new information, future events or otherwise.

ArticleEngineRightNav

Debug Info
countArticles=1
relatedDownloads=[Lcom.sasol.internet.servlet.frontend.RelatedDownloadBean;@1d7cae
relatedArticles=[Lcom.sasol.internet.servlet.frontend.RelatedArticleBean;@64ac16
downloadUrl=../downloads/