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Petro Canada, Teck, UTS proceed on design of $14B Fort Hills oilsands project (Fort-Hills-Oilsands)
# l: ~( Y5 w% E/ @VANCOUVER (CP) _ Petro-Canada (TSX:PCS), Teck Cominco Ltd. (TSX:TCK.B) and UTS Energy Corp. (TSX:UTS) have conceptualized the design for the Fort Hills oilsands project, with the first phase budgeted at $14.1 billion.$ h, y/ k1 i/ X1 G4 h" W
/ y) V$ |) m9 D+ w9 X. J3 MThe members of the Fort Hills Energy Limited Partnership said Thursday
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they are committed to proceed with front-end engineering and design. This will take about a year, “producing a definitive cost estimate and the basis upon which the final go-ahead decision on the project will be made.‘‘: i Y; p2 a- V# C7 b3 Q
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The project _ an oilsands mine and bitumen extraction plant 90 kilometres north of Fort McMurray, Alta., and upgrader northeast of Edmonton _ is expected to produce 140,000 barrels per day of synthetic crude oil in its first phase." w+ N) N ^7 }% P
0 { b) q/ H9 j! x7 _( ?: d4 LBitumen production is targeted for late 2011, with oil output from the upgrader expected to start around mid-2012.& ]$ C% K( M8 o. l( c
4 W9 A% y& K* E- }- OBy 2014, Fort Hills is projected to produce up to 280,000 barrels per day.
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6 i- n/ x6 y: k/ O$ w2 GPetro-Canada has a 55 per cent interest in the Fort Hills partnership, with 30 per cent held by UTS Energy and 15 per cent by Teck Cominco. |
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狗仔卡
发表于 2007-6-27 07:26
显身卡
发表于 2007-6-28 08:31
