Condensate Marketing Congress 2013

An unexpected yet highly prosperous volume of crude condensate is now being produced alongside the vast amounts of oil and natural gas being recovered from North American shale plays such as the Bakken and Utica. The Eagle Ford alone reached 153,322 bpd of condensate in 2013 making up an astonishing 40% of total hydrocarbon production in the play.

There is a huge commercial opportunity for E&P companies in producing condensate; the number one challenge in dealing with these vast amounts of condensate however is getting it to market. The supply and demand balance is still very much up in the air and because refineries spent $47.6 billion on heavy oil upgrades between 2005 and 2009, they are not kitted out to accept the increasing volumes of ultra light condensate. Furthermore, the lack of infrastructure and splitter capacity for condensate is making the marketability of the product ever more difficult.

It is in response to these challenges that for the first time ever, the Condensate Marketing Congress 2013 is taking place in Houston on December 10-11 to bring together producers from the US and buyers from Canada, Asia and Europe to provide market solutions to secure the value of condensate. 

The mission of the Congress is to identify domestic and international markets for US condensate by examining demand, pricing, refinery specifications and the very latest condensate pipeline and rail infrastructure projects to ensure that C5 achieves value at market.