ConocoPhillips (NYSE: COP) today announced the introduction of
four innovations that will further enhance the functionality of its
proprietary Optimized Cascade natural gas liquefaction
process or OCP™ technology, which is currently licensed
in 27 processing trains worldwide. In response to growth in the
global LNG market and changes in industry contracting practices,
the company is introducing new operational and control products
designed to improve overall efficiency, enhance flexibility and
reduce process costs.
The Traditional OCP Configuration – OCP
Pro™ Technology
ConocoPhillips is the LNG industry leader in utilizing high
efficiency aeroderivative gas turbine drivers, a core component of
the Optimized Cascade process. The traditional OCP turbomachinery
configuration, now called OCP Pro, matches one gas turbine
driver to one refrigerant compression system. All existing OCP Pro
LNG facilities are designed with two 50% refrigeration compressor
trains in parallel serving one refrigeration process train. This
configuration provides higher annual availability and greater
turndown capability, while maintaining high thermal efficiency
across a wide operating range. OCP Pro technology in a
two-trains-in-one arrangement has a long history of
industry-leading performance and will remain the configuration of
choice for many developers of larger 3-to-8 MTPA baseload
trains.
The Latest OCP Configuration – OCP
Compass™ Technology
The LNG market is changing rapidly as demand has grown
significantly, with many customers contracting in smaller parcels
with more-flexible terms. On the supply side, new and existing
facility developers are aggressively pursuing demand by focusing on
reduced capital cost and risk. In response, ConocoPhillips has
developed a new plant configuration, OCP Compass, to lower
total installed cost by reducing the liquefaction train’s equipment
count and footprint, and greatly simplifying modularization. OCP
Compass facilities will deliver the same industry-leading
performance and low greenhouse gas emissions as OCP Pro facilities.
ConocoPhillips collaborated with Baker Hughes to develop a
turbomachinery configuration coupling three refrigerant services on
a single shaft driven by an aeroderivative gas turbine or electric
motor. OCP Compass technology leverages advancements in large
aeroderivative gas turbine technology, while utilizing
high-pressure-ratio compressors to achieve enhanced performance
with less equipment. OCP Compass configurations are ideal for
midscale LNG applications in the 1-to-3 MTPA capacity range, in
either single-string or two-trains-in-one configurations to provide
higher capacity, availability and turndown. Multiple OCP Compass
trains can be combined to address capacity requirements of larger
baseload facilities (>3 MTPA), while capturing lower costs
through replication of smaller liquefaction trains.
New Optimized Cascade Process Licensed
Products – OCP CryoSep™ Technology and OCP Nitro™
Technology
ConocoPhillips now offers a licensed product for two innovative
and proven OCP “sub-units” separately from the OCP Pro or OCP
Compass technologies. ConocoPhillips will license its heavy removal
unit (HRU) technology, OCP CryoSep, which recovers heavy
hydrocarbons and removes components that would otherwise freeze in
the liquefaction unit or lead to excessive BTU content. OCP CryoSep
technology is already licensed for an external client’s development
project, pending final investment decision. ConocoPhillips will
also license its nitrogen removal unit (NRU) technology, OCP
Nitro, to efficiently remove nitrogen from the LNG process,
achieve product specifications and maximize production. OCP Nitro
technology will be licensed as a bolt-on solution to existing OCP
trains processing feed streams with higher nitrogen content than
their original compositions. OCP Nitro technology is currently
under evaluation for multiple licensed trains.
Improving the Value of OCP Facilities –
OCP Navigator™ Software
ConocoPhillips has developed a unique software solution, OCP
Navigator, for OCP-licensed facilities to optimize plant
profitability, thermal efficiency and production. This
multifunctional software system utilizes a customized
equation-oriented simulation to help optimize the facility on a
real-time basis. OCP Navigator software operates on a proprietary
Aspen Technology software platform and was developed by
ConocoPhillips to deliver optimized operating guidance and tools
for plant operators and engineers. OCP Navigator software and
associated services will be offered to licensees as a multi-year
subscription, exclusively by ConocoPhillips LNG Licensing.
ConocoPhillips is continually leveraging its LNG expertise to
provide additional OCP innovations to better meet rapidly changing
LNG industry needs. Optimized Cascade® is a registered trademark of
ConocoPhillips Company in the United States and certain other
countries. OCP™, OCP Pro™, OCP Compass™, OCP CryoSep™, OCP Nitro™,
and OCP Navigator™ are trademarks of the ConocoPhillips
Company.
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About ConocoPhillips
Headquartered in Houston, Texas, ConocoPhillips had operations
and activities in 15 countries, $63 billion of total assets, and
approximately 9,800 employees at Sept. 30, 2020. Production
excluding Libya averaged 1,108 MBOED for the nine months ended
Sept. 30, 2020, and proved reserves were 5.3 BBOE as of Dec. 31,
2019. For more information, go to www.conocophillips.com.
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LITIGATION REFORM ACT OF 1995
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used in the operation of our business; our ability to collect
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ordered by the ICSID; our ability to liquidate the common stock
issued to us by Cenovus Energy Inc. at prices we deem acceptable,
or at all; our ability to complete our announced dispositions or
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possibility that regulatory approvals for our announced
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the impact of competition and consolidation in the oil and gas
industry; limited access to capital or significantly higher cost of
capital related to illiquidity or uncertainty in the domestic or
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economic and political conditions; changes in fiscal regime or tax,
environmental and other laws applicable to our business; and
disruptions resulting from extraordinary weather events, civil
unrest, war, terrorism or a cyber attack; and other economic,
business, competitive and/or regulatory factors affecting our
business generally as set forth in our filings with the Securities
and Exchange Commission. Unless legally required, ConocoPhillips
expressly disclaims any obligation to update any forward-looking
statements, whether as a result of new information, future events
or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20201103005462/en/
John C. Roper (media) john.c.roper@conocophillips.com
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