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Petro Canada, Teck, UTS proceed on design of $14B Fort Hills oilsands project (Fort-Hills-Oilsands)
' I q7 a. B, b7 { `" C% PVANCOUVER (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 $14.1 billion.3 i0 K9 Y" R; J# w, D2 T
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The members of the Fort Hills Energy Limited Partnership said Thursday. Q# @7 I) I- L5 {. G8 w! n! X
; D( w" a, i! ]' Dthey are committed to proceed with front-end engineering and design. This will take about a year, “producing a definitive cost estimate and the basis upon which the final go-ahead decision on the project will be made.‘‘+ C( O: H6 E5 f' i) y+ l2 \, s4 E$ _; q3 I
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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.
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Bitumen production is targeted for late 2011, with oil output from the upgrader expected to start around mid-2012.
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4 m3 v4 f3 F$ n- ]" O6 s# UBy 2014, Fort Hills is projected to produce up to 280,000 barrels per day.
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2 d7 I* S1 ?8 W, c2 L/ S# QPetro-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
