A mixed phase pressurized unstabilized hydrocarbon stream is fed into a stabilizer column at a feed pressure. A liquid phase of stabilized hydrocarbon condensate is discharged from a bottom end of the stabilizer column, while a vapor phase of volatile components from the pressurized unstabilized hydrocarbon condensate stream is discharged from a top end of the stabilizer column. The vapor phase being discharged from the top end of the stabilizer column is compressed and subsequently passed through an ambient heat exchanger wherein partial condensation takes place. The resulting partially condensed overhead stream is separated in an overhead separator into a vapor effluent stream and an overhead liquid stream. After discharging the overhead liquid stream from the overhead separator, it is selectively divided into a liquid reflux stream and a liquid effluent stream. The liquid reflux stream is expanded to the feed pressure and fed into the stabilizer column.