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Rentech, Forest Oil Encouraged by Results of GTL Plant Study

The results of a cost estimate for a proposed South African 10,000- b/d GTL plant are in, and executives at Forest Oil Corp. and Rentech are pleased. "If we decide to monetize stranded gas from our offshore AK-1 discovery well, we are considering using GTL technology. We chose to investigate Rentech's process first, as we have been enjoying a working relationship with them for some time," said John McIntyre, vice president-international, Forest Oil.

In April, Forest purchased one million shares of Rentech and signed a MOU about purchasing site-specific GTL licenses from Rentech in the future (see GTLN, April 2000).

Intec Engineering, on behalf of Forest, contracted Jacobs ...

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