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Petro Canada, Teck, UTS proceed on design of $14B Fort Hills oilsands project (Fort-Hills-Oilsands)
) W5 \% U/ s: X7 I5 QVANCOUVER (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 $14.1 billion.
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The members of the Fort Hills Energy Limited Partnership said Thursday
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6 U9 V" @: w/ m2 T$ M! S' ]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.‘‘- u! f9 Y- O5 {8 ]; i; D' K3 y5 o6 G
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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.1 n+ ?& f) @ T- {3 I+ c
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Bitumen production is targeted for late 2011, with oil output from the upgrader expected to start around mid-2012.1 A4 |" N P! P7 @( y; p
8 n' H' d% h8 j4 _4 O8 f0 T1 M/ WBy 2014, Fort Hills is projected to produce up to 280,000 barrels per day.: E& {* ` ?' M, q( Y- A [
6 d+ }' d$ M8 r! R4 w$ sPetro-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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发表于 2007-6-27 07:26
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发表于 2007-6-28 08:31
