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Petro Canada, Teck, UTS proceed on design of $14B Fort Hills oilsands project (Fort-Hills-Oilsands)
. t4 ~# e. k/ U6 c8 n3 |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 $14.1 billion.# ^( Y$ R# A" Q
6 {. k& N5 ^- M6 w- r( b' fThe members of the Fort Hills Energy Limited Partnership said Thursday
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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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. R% c4 p; A7 r7 JThe 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.9 R+ _6 P- B+ S. M! {- U# P& X
1 x' e3 s7 x6 d5 T% V- FBitumen production is targeted for late 2011, with oil output from the upgrader expected to start around mid-2012.
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: l, F w! z( g$ q5 CBy 2014, Fort Hills is projected to produce up to 280,000 barrels per day." @! B& z4 p6 E; Z
. v; N, M& ]3 I$ g9 }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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