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Petro Canada, Teck, UTS proceed on design of $14B Fort Hills oilsands project (Fort-Hills-Oilsands)0 i; E$ v: \' }: u8 C" p! S) _9 i& }. ?
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.
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, ^! ^2 s9 U# \9 }9 W6 YThe 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.‘‘% ]& }" z3 J7 e5 ?4 v2 f
: x9 V4 { u3 q8 a ]* d& uThe 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.7 @9 e3 X0 c% {! D
1 p/ E- B o" [3 t+ t @Bitumen production is targeted for late 2011, with oil output from the upgrader expected to start around mid-2012.
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h. p5 d* d0 E4 w7 IBy 2014, Fort Hills is projected to produce up to 280,000 barrels per day.
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; W, V/ R( z8 g ^! x* X1 X& CPetro-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
