 鲜花( 0)  鸡蛋( 0)
|
Petro Canada, Teck, UTS proceed on design of $14B Fort Hills oilsands project (Fort-Hills-Oilsands)
& K7 E: X- k' WVANCOUVER (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 $14.1 billion.( z4 j2 p' _/ e* Y# a$ q2 \
, V' g4 b( h8 s5 N1 H5 f! p6 ^The members of the Fort Hills Energy Limited Partnership said Thursday, l# x. S' a! m! S
: c9 g7 g4 q* L8 e3 W! Ythey 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.‘‘
; ~# Z6 ^5 p. w# r; \5 i/ G4 J1 n& J
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.
1 n0 s9 a+ s7 X$ E, r: O) t$ M3 P+ ~7 M% O* T
Bitumen production is targeted for late 2011, with oil output from the upgrader expected to start around mid-2012.' U3 O) A3 C0 t* s: W: D
' q1 v' A$ k6 w/ t# j. _
By 2014, Fort Hills is projected to produce up to 280,000 barrels per day.- l4 P. K5 {+ R. q" @ h
- \* ~2 e$ A9 D- I, V" X
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. |
|