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Petro Canada, Teck, UTS proceed on design of $14B Fort Hills oilsands project (Fort-Hills-Oilsands), p! ?4 X$ c: w* G5 x+ {" o! C) V
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 $14.1 billion.; Z9 B$ G* e8 U) i
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The members of the Fort Hills Energy Limited Partnership said Thursday
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* V3 w# m4 |# @: c xthey 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.‘‘5 }1 W8 J) `7 Y1 O: }( b
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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.6 T; A) o- a3 s( O0 _9 Q' c. O5 D4 L
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Bitumen production is targeted for late 2011, with oil output from the upgrader expected to start around mid-2012.4 u, U4 l5 z+ l
0 [9 a: N2 z8 G6 I6 G/ WBy 2014, Fort Hills is projected to produce up to 280,000 barrels per day.
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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
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