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Petro Canada, Teck, UTS proceed on design of $14B Fort Hills oilsands project (Fort-Hills-Oilsands)9 U' Q T! O8 d: N& e2 r, m1 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 $14.1 billion.
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The members of the Fort Hills Energy Limited Partnership said Thursday
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they are committed to proceed with front-end engineering and design. This will take about a year, “producing a definitive cost estimate and the basis upon which the final go-ahead decision on the project will be made.‘‘# [$ Y. V: Z1 a7 M& q# p* D
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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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. p, Z, s" |9 L) V, E7 j& ?Bitumen production is targeted for late 2011, with oil output from the upgrader expected to start around mid-2012.$ T6 F; o0 f4 m3 L3 I
5 t a: g/ H- t: v- j4 l% OBy 2014, Fort Hills is projected to produce up to 280,000 barrels per day.
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8 h4 k$ m' _; I- b8 O$ GPetro-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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