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Petro Canada, Teck, UTS proceed on design of $14B Fort Hills oilsands project (Fort-Hills-Oilsands)9 @& C' r% T; C, v) |- j3 A4 h/ b% b
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 $14.1 billion.
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, [0 r& S+ T! K& F' {" ZThe members of the Fort Hills Energy Limited Partnership said Thursday
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+ V' F/ j. O! \! D; |+ Gthey are committed to proceed with front-end engineering and design. This will take about a year, “producing a definitive cost estimate and the basis upon which the final go-ahead decision on the project will be made.‘‘# Z: s# j9 L) I/ Q! w9 B9 t
: z* ~! r' x( J$ |& r8 p. E$ aThe 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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: O9 t, f. D, n- JBy 2014, Fort Hills is projected to produce up to 280,000 barrels per day.: Y5 e' x( j$ ]: K+ [9 Z
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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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