 鲜花( 0)  鸡蛋( 0)
|
Petro Canada, Teck, UTS proceed on design of $14B Fort Hills oilsands project (Fort-Hills-Oilsands)
) ^* P* H* \) o, S0 YVANCOUVER (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 $14.1 billion., z+ J. [6 A% O
7 Z/ ~4 w& S+ }: ~The members of the Fort Hills Energy Limited Partnership said Thursday' M# \- {" C: R' m
8 M. k) [, I+ ^. d! V1 K6 w
they are committed to proceed with front-end engineering and design. This will take about a year, “producing a definitive cost estimate and the basis upon which the final go-ahead decision on the project will be made.‘‘, U, U4 X8 |1 |7 w! w4 S/ p& V) \
+ ]1 Z2 G; b: X2 g- b' W2 l' C, pThe project _ an oilsands mine and bitumen extraction plant 90 kilometres north of Fort McMurray, Alta., and upgrader northeast of Edmonton _ is expected to produce 140,000 barrels per day of synthetic crude oil in its first phase.
) q$ l. ]+ b0 c9 |& n9 G9 x! K( V/ N' z" t) s L+ R5 ?' c! D
Bitumen production is targeted for late 2011, with oil output from the upgrader expected to start around mid-2012.
0 q9 s4 Z: ~$ \; S) x/ K/ `
/ Z$ P+ F. N* P/ ~3 L, V- ]* }1 G/ zBy 2014, Fort Hills is projected to produce up to 280,000 barrels per day.
" L8 M8 h5 o% P e9 m$ x+ @* i! O- |, W* y; \( p# \8 ^9 U
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. |
|