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Petro Canada, Teck, UTS proceed on design of $14B Fort Hills oilsands project (Fort-Hills-Oilsands)
! e: M: C G* U( _- s; @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 $14.1 billion.& |# {% N% C* B0 L" P0 O
- @5 T3 d2 f' h+ i- m0 uThe members of the Fort Hills Energy Limited Partnership said Thursday- h# d5 f1 s$ A( K6 f/ Q9 T
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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.‘‘, n4 J1 P( m" w0 q. `# ]% Y
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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.0 n' L4 G* L/ ]0 T% o$ D8 a4 v
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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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, C. S/ l% N0 o' V! V# d5 bBy 2014, Fort Hills is projected to produce up to 280,000 barrels per day." |$ A) p5 v1 ]7 r+ 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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发表于 2007-6-28 08:31
