 鲜花( 0)  鸡蛋( 0)
|
Petro Canada, Teck, UTS proceed on design of $14B Fort Hills oilsands project (Fort-Hills-Oilsands)
' }! S9 x7 V8 F4 e9 } H* ?6 iVANCOUVER (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 $14.1 billion.
& y$ S5 X# f) r8 n- y% x: t2 m0 o( h' | ~
The members of the Fort Hills Energy Limited Partnership said Thursday
2 i6 L1 W6 X& O% T$ R2 M' C# h( U
6 J5 Z5 ~/ {" J/ Kthey 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.‘‘
( ^# V9 k& u' U' [6 Q( d+ _9 ^, B- z1 P& M% c7 `8 q/ y( b
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.+ V/ J {- L7 x, d
4 n$ q2 r; F# K* fBitumen production is targeted for late 2011, with oil output from the upgrader expected to start around mid-2012.
$ c' G# l% ~8 h2 X; E4 l, f- a. Q* y! T1 h. P! n
By 2014, Fort Hills is projected to produce up to 280,000 barrels per day.# W3 @% R( X7 U3 M& g( ]1 F
/ v4 `6 M9 ?4 C
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. |
|