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Petro Canada, Teck, UTS proceed on design of $14B Fort Hills oilsands project (Fort-Hills-Oilsands)
/ d; ^4 |! g9 Y7 K+ m/ L! R3 `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 $14.1 billion.
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$ f8 F( h' j' Y; Q5 h2 I/ q. OThe members of the Fort Hills Energy Limited Partnership said Thursday
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9 k# s. y6 w2 }+ l1 l" {" L1 ?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.‘‘. g z# @ J7 C* A) ^2 K2 p
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The 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 u y; M$ {5 u9 ?) o
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Bitumen production is targeted for late 2011, with oil output from the upgrader expected to start around mid-2012.; b9 @6 g9 ?3 o1 e8 O& u1 j
) |8 z& L" B' L$ \8 h! X5 PBy 2014, Fort Hills is projected to produce up to 280,000 barrels per day.& @. T( l9 y! O
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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
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