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Petro Canada, Teck, UTS proceed on design of $14B Fort Hills oilsands project (Fort-Hills-Oilsands)
" W9 N( [$ [/ T0 o, oVANCOUVER (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 $14.1 billion.: O, }& S5 ~! S# F
. I+ {5 Z+ L2 OThe members of the Fort Hills Energy Limited Partnership said Thursday* t- c5 F; j( }+ X. T
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they are committed to proceed with front-end engineering and design. This will take about a year, “producing a definitive cost estimate and the basis upon which the final go-ahead decision on the project will be made.‘‘
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# \# A- f' b( [0 {+ w7 L7 rThe project _ an oilsands mine and bitumen extraction plant 90 kilometres north of Fort McMurray, Alta., and upgrader northeast of Edmonton _ is expected to produce 140,000 barrels per day of synthetic crude oil in its first phase.. ^$ L( k, V6 F, N
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Bitumen production is targeted for late 2011, with oil output from the upgrader expected to start around mid-2012.& K3 I0 B6 D2 {9 `
2 y( U$ Y2 V& e$ I9 }# u/ _By 2014, Fort Hills is projected to produce up to 280,000 barrels per day.) e, L5 I2 \3 _5 S' b. r3 O z1 ~
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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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狗仔卡
发表于 2007-6-27 07:26
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发表于 2007-6-28 08:31
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