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Petro Canada, Teck, UTS proceed on design of $14B Fort Hills oilsands project (Fort-Hills-Oilsands)
4 R/ I3 F# E) H1 ?; qVANCOUVER (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 $14.1 billion.; z" C0 b' Q6 O5 e
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The members of the Fort Hills Energy Limited Partnership said Thursday* L- |! T$ F$ j
% O1 a, s k8 T; P+ K4 u. Jthey 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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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.
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! v! }% R( R# L" T: `5 W1 |Bitumen production is targeted for late 2011, with oil output from the upgrader expected to start around mid-2012.! T- B( \# I# }+ N/ b
5 A; t$ P7 O! @; UBy 2014, Fort Hills is projected to produce up to 280,000 barrels per day.# b6 d7 u2 N/ {: w9 I: E
+ Q b- H$ u% Z. _4 wPetro-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
