 鲜花( 0)  鸡蛋( 0)
|
Petro Canada, Teck, UTS proceed on design of $14B Fort Hills oilsands project (Fort-Hills-Oilsands)
% [! O4 a. P6 v( FVANCOUVER (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 $14.1 billion.+ ^7 ~; p5 E* o% v/ w6 _+ @, G
( P7 g( [2 R/ w* ~" Y& ^The members of the Fort Hills Energy Limited Partnership said Thursday
; [/ e9 f, f, L* t! Z! W0 I* c
& T, C0 q! p# z0 B# O/ L+ d& Rthey are committed to proceed with front-end engineering and design. This will take about a year, “producing a definitive cost estimate and the basis upon which the final go-ahead decision on the project will be made.‘‘
+ }, |; t0 p9 K& f# y
* e+ @) G: x- S& SThe project _ an oilsands mine and bitumen extraction plant 90 kilometres north of Fort McMurray, Alta., and upgrader northeast of Edmonton _ is expected to produce 140,000 barrels per day of synthetic crude oil in its first phase.
; ]6 i$ X$ ]$ O. L
0 K/ A0 k! ?. N- D' G% p, L; e% LBitumen production is targeted for late 2011, with oil output from the upgrader expected to start around mid-2012.4 o7 x: c. ?# G3 B, S
- m+ H/ D; I+ r/ x) g+ G
By 2014, Fort Hills is projected to produce up to 280,000 barrels per day.
# w+ k7 a+ U: U$ v# t6 V
+ g4 q1 R- }& K, m* L+ {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. |
|