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Petro Canada, Teck, UTS proceed on design of $14B Fort Hills oilsands project (Fort-Hills-Oilsands)1 l9 o5 @% e1 k* I- o/ |$ K, Y
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 $14.1 billion.
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* S- \2 m, u, X9 C7 jThe members of the Fort Hills Energy Limited Partnership said Thursday0 P" m5 x" ~2 H: ]
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they are committed to proceed with front-end engineering and design. This will take about a year, “producing a definitive cost estimate and the basis upon which the final go-ahead decision on the project will be made.‘‘
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3 H( R7 h, A& n& r( J0 H6 J; ]The project _ an oilsands mine and bitumen extraction plant 90 kilometres north of Fort McMurray, Alta., and upgrader northeast of Edmonton _ is expected to produce 140,000 barrels per day of synthetic crude oil in its first phase." S. O; E$ ^3 j- c/ @) a7 K
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Bitumen production is targeted for late 2011, with oil output from the upgrader expected to start around mid-2012.1 m5 C' b/ J _. P/ Q' d; X5 K
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By 2014, Fort Hills is projected to produce up to 280,000 barrels per day./ }6 l6 S) I( ~3 s* ] ~& P
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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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