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Petro Canada, Teck, UTS proceed on design of $14B Fort Hills oilsands project (Fort-Hills-Oilsands)
: ~" M0 n8 D. R0 M$ 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.: P: ]/ a+ z4 e
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The members of the Fort Hills Energy Limited Partnership said Thursday5 W5 H% ?6 N! V
9 @( S' w( W7 t3 I; W5 K1 I9 K5 lthey 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.‘‘0 \( z# ?0 c: X: j+ f, }
+ |0 M5 h) R$ j+ T& L) cThe 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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4 R. {9 U( J7 Y5 {5 f4 P: uBitumen production is targeted for late 2011, with oil output from the upgrader expected to start around mid-2012.& h7 c- k% Q4 p
- p+ t) X7 R* [; ABy 2014, Fort Hills is projected to produce up to 280,000 barrels per day.
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8 t2 I3 B5 K5 a4 Y; N0 LPetro-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
