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Petro Canada, Teck, UTS proceed on design of $14B Fort Hills oilsands project (Fort-Hills-Oilsands)
& @- T, e' d' v- _2 P- C3 uVANCOUVER (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.* V) \0 d! H5 T. U
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The members of the Fort Hills Energy Limited Partnership said Thursday
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: k1 Q" {+ Q! r. {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.‘‘
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& {" S% P* I2 i7 SThe 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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5 U/ H& J( ^3 d/ `3 C9 T* jBitumen production is targeted for late 2011, with oil output from the upgrader expected to start around mid-2012.
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4 K- m% f! L* ]- a& _0 GBy 2014, Fort Hills is projected to produce up to 280,000 barrels per day.1 `* s# k( S! l- ^. x
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Petro-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
