LCT360 Plans on Taking Oil & Gas Economics and Climate Change by Storm
Sugar Land, TX, May 9th, 2022: LCT360 brings revolutionary technology that changes all oil and gas production across the world. At the same time, its global impact on Green House Gas (GHG) reductions will aid the industry transition toward a COP26 Carbon Neutral Future.
A New Image for Energy
FLARE RECOVERY TECHNOLOGY
The industry currently flares hydrocarbons into the atmosphere commonly where there is no nearby pipeline infrastructure, and otherwise during routine maintenance or safety-driven flaring events. Flaring is igniting and burning valuable excess hydrocarbon gases into the atmosphere across the industry, both onshore and offshore. These flared hydrocarbons release GHGs such as carbon dioxide and methane that create large carbon footprints as well as increase global warming.
The United States ranks second in the flaring of natural gas worldwide and thus a high GHG emitter and is responsible for a substantial loss of revenue in the oil and gas sector. Texas and North Dakota alone account for 85% of the nation’s natural gas losses from flaring. It is forecasted that in the year 2022, 22,600 new wells will be drilled across the United States. According to a recent 2020 study, in the state of Texas, 6,589 wells were considered new drills, re-entries, and re-completions. With early well completions, these permitted oil productions can be boosted by eliminating much of the flaring using LCT360’s technology. This technology is also scalable to handle the large gas flaring of major oil refineries around the globe.
ASSISTING CLIMATE CONTROL
The World Bank attributes the rise in global temperature partly to the 492 billion cubic feet of natural gas that is flared at oil and gas wellheads around the world annually resulting in more than 350 million tons of Carbon Dioxide emissions (CO2e).
LCT360’s 99% flare recovery and natural gas stabilization technology can solve the increase in global warming, dramatically reduce GHG emissions, and reduce the world’s carbon footprint well ahead of the year 2050 target date. LCT360 can also reduce the World Bank’s Global Gas Flaring Reductions Partnership and Zero Routing Flaring by 2030 initiative to a much sooner year. Simply put, the installation of LCT360’s technology into the flare system at both oil and gas upstream and downstream facilities such as oil refineries, onshore wellheads, and offshore platforms will create a greener earth for humanity.
UNCONVENTIONAL TOWER-LESS GAS PROCESS
Unconventional Tower-less Process for Condensate/NGL/HC-Dew Pointing with 99% C3+ Recovery with Specification-Ready stabilized product streams.
At almost ½ the CAPEX/OPEX of almost 100% of the world’s current 50 years old gas and cryogenics and tower-based process technologies. The compactness and flexibility of this process make previously untenable projects feasible both offshore and onshore, starting from individual well sites to greenfields, to retrofits, revamping existing Condensate/NGL facilities.
THE MOST ECONOMIC LNG PROCESS
This is the most economical of all LNG (Liquefied Natural Gas) liquid processes for extracting heavier NGL (Natural Gas Liquids) components from “Rich” LNG cargoes. With no need for re-compression while delivering HHV Controlled, Gasification ready Liquid LNG or Pipeline Ready Gasification. With no need for Propane or Nitrogen Injections.
- INCREASED GL REVENUES
- REDUCED Cost of Oil or BOE Produced
- REDUCED Cost of Gas Produced
- INCREASED Oil Throughputs – 2 to 3 times flow increase in existing pipeline infrastructures.
- INCREASED Gas Throughputs – 3 to 3.5 times flow increase in existing pipeline infrastructures
- REDUCED Various Process Plant Facilities – CAPEX/OPEX
- REDUCED Pipeline Sizes, Class, and Infrastructure costs – CAPEX/OPEX
- ENVIRONMENTAL IMPACTS Profound Decrease of Flaring, Venting, and Product GHGs
- INCREASED Clean Fuels (e.g., NGL, LNG, CNG (Compressed Natural Gas), GTL) closer to source, minus Refined Product logistics.
- PROVIDES EXTRACTION OF C2(VARIABLE)/NGL from LNG while keeping LNG in Liquid Storage form.
- CAN FINE-TUNE C2 EXTRACTION (close to 100% C2 Extraction) for HHV control – No N2 Injection.
- PROVIDES LNG GASIFICATION OPTION. – For better Economic for either FSRU or Onshore Facility
- PROVIDES BUYER/SELLER NGL Production/Trade Economics/Revenues – margins and strategies.
- OPENS UP BUYING of wide Range LNG (Heavy-Content) Variable-Specs LNG Cargos.
- OPENS UP FLEXIBILITIES/ECONOMICS of sourcing including Stranded Field Strategies
INCREASED CAPACITIES AND REDUCED EMISSIONS BECOME POSSIBLE
Pipeline capacities can be increased and demonstrably GHG Methane Emissions decreased. This technology can flexibly convert all gas and oil productions to non-saturated non-slugging lowered pressure production flows. Carbon Footprints and Carbon Neutral Crude Oil production improvements can be achieved throughout the end-to-end lifecycle of production and transport, potentially achieving COP26 goals much earlier than stated in Annual Reports or to the Public.
The United States maintains about 2 million miles (about 3218688 km) of natural gas distribution mains and pipelines, 321,000 miles (about 516599.42 km) of gas transmission and gathering pipelines, 175,000 miles (about 281635.2 km) hazardous liquid pipeline, and 114 active liquid natural gas plants that are connected to natural gas transmission and distribution systems. These large pipes are up to 42” in diameter, with most being more than 10” in diameter. Operating pressure is between 1,500 psi to 3,000 psi, especially Offshore. Three flanges exist per mile on average, along the transmission lines resulting in large cumulative continuous fugitive methane emissions to occur. Decreasing the need for high pressure flows required for saturated Oil and Gas flows, decreases fugitive methane leaks, and offers improved equipment life and capacities.
For more information, please visit www.lct360.com
A message from our company founder, Kirti Patel:
“We asked the right questions way back when not many were asking, and the result today is a breakthrough Oil & Gas LCT360 technology that can possibly solve many of the GHG and production efficiency problems within the upstream, midstream, and downstream designs and operations.
Nobody has heard anything like this, and yet achievable! Imagine reducing 6 billion Metric Tonnes per year of GHG CO2e (20GWP) and simultaneously increasing oil & gas production efficiencies (by 20-30% or more) utilizing current assets, meaning much lower production, operations, and infrastructure CAPEX/OPEX and carbon footprints.
The engineering breakthrough can clearly be demonstrated with industry-proven means. When applied to just 4-10% of a country’s O & G industry and anywhere where IOCs, NOCs, Govt., EPA. EAI, etc., are ready to jump in and help/work with us, we can potentially achieve and exceed COP26 Goals in 1/2 the time, if not earlier!
We believe we can reduce a target of 6 billion metric tonnes/yr of CO2e (20GWP) CH4, Methane, emissions! This can unquestionably put a real big dent in the Global Warming crisis!
Just imagine the total published, USA CO2e inventory alone, is close to 6 billion metric tonnes/yr! So, this could be our gift to all our future generations to come.
(NB: Btw, this is not Carbon Capture System, CCS)” – Kirti Patel, Founder of LCT360