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Petro Canada, Teck, UTS proceed on design of $14B Fort Hills oilsands project (Fort-Hills-Oilsands)+ p' p/ l4 @% J. M
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 $14.1 billion." x) i3 X& K: A+ F: p
0 L. _" y, V$ z! G2 RThe members of the Fort Hills Energy Limited Partnership said Thursday$ T7 a* d4 j+ Q' ?# d
' L9 Y5 D7 N, ^: W, r/ @8 Qthey 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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- o3 ^4 L5 I! c* N ?( tThe 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.# O9 `- X5 ]" e4 o
+ c2 c- B' \6 h8 B% hBitumen production is targeted for late 2011, with oil output from the upgrader expected to start around mid-2012.9 C6 s* i! i1 n9 j
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By 2014, Fort Hills is projected to produce up to 280,000 barrels per day.- D. G- }! C0 u, n- t5 n4 s& R
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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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