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Petro Canada, Teck, UTS proceed on design of $14B Fort Hills oilsands project (Fort-Hills-Oilsands)5 ] M! n' q$ {$ u, H$ f4 j
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 $14.1 billion.) ^; e1 F; \4 h
5 I8 _( _3 U# w- s ^$ F; ZThe members of the Fort Hills Energy Limited Partnership said Thursday7 v0 }( r7 T* q, }: q7 L+ M( }
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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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' s: S0 z8 U8 [ g3 w# a/ CThe 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.. a G7 u' z. ~; J8 L
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Bitumen production is targeted for late 2011, with oil output from the upgrader expected to start around mid-2012.
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/ ]% d* S a3 jBy 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
