Royal Dutch Shell plc (Shell) (NYSE: RDS.A) (NYSE: RDS.B) reconfirmed good progress of the Pearl GTL and the Qatargas 4 projects for a group of its shareholders and investment analysts. Shell is partnering in both Pearl GTL and Qatargas 4 with Qatar Petroleum.
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Pearl GTL will use Shell's proprietary Gas-to-Liquids (GTL) technology to convert some 1.6 billion cubic feet (bcf/d) of gas per day into high quality, clean-burning oil products such as gasoil, high specification lubricants base oils, and chemicals feedstock. These products are usually produced by oil refineries. Shell will use its leading brand, technology, global supply chain and marketing capabilities to maximize the value of these products in global markets. Pearl GTL is designed to produce 120,000 barrels per day (b/d) of natural gas liquids (NGLs) and ethane, and 140,000 b/d of GTL products. Pearl will be the world's largest GTL plant, building on over 30 years of Shell experience with these technologies. Shell is funding 100% of the development costs for Pearl GTL, under a profit sharing agreement with the State of Qatar. Shell has now entered into the testing phase at Pearl GTL, having inaugurated the massive plant's control room, which is the nerve centre of one of the largest and most sophisticated process control systems in the oil and gas industry. The control room comprises of almost 1,000 control cabinets hosting 179 servers which are programmed with 12 million lines of software code. The system is linked to every part of the plant by about 5,850 kilometers of control cables, which would stretch from Doha to London if laid end-to-end. While testing begins on many thousands of pieces of equipment that have already been installed at the plant, construction on the rest of the plant continues. Some 2 million tons of equipment and materials have been imported to the site and there are some 48,000 workers on the project. At the peak of construction, Pearl GTL installed enough steel and pipe to make 2.5 Eiffel Towers every month.
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