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The Pearl GTL device will be the world's largest GTL device, and is scheduled to be put into operation by the end of 2010. The project development cost will be US$4 to US$6 per barrel of oil equivalent, and the device will produce approximately 3 billion barrels of oil equivalent during its service life.
The Pearl GTL plant will consist of an upstream gas production facility (production of 1.6 billion cubic feet of natural gas from Qatar's northern gas field) and an onshore GTL plant that will produce 140,000 barrels per day of high quality GTL fuel and 120,000 barrels of oil equivalent condensate , LPG (liquefied petroleum gas) and ethane.
US engineering contractor KBR and Japan JGC have formed a joint venture to manage the entire project.
It is understood that the first GTL production line of the project will be put into production at the end of 2010, and a second production line will be put into use after one year. Each production line has 8 hydrocarbon process series, 3,000 feed transfer systems and more than 10,000 container systems.
Shell recently announced that it will take the lead in investing $18 billion in pearl GTL units at Karel. In today's high oil prices, the project's repayment period will be reduced to less than four years, which will increase the The economics of GTL.