 鲜花( 0)  鸡蛋( 0)
|
Petro Canada, Teck, UTS proceed on design of $14B Fort Hills oilsands project (Fort-Hills-Oilsands); B: O/ D! W {% \1 n# C
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 $14.1 billion.
8 v+ Y, O7 l, K0 p. H2 y% @6 z; L, `$ A. a( ]
The members of the Fort Hills Energy Limited Partnership said Thursday; t8 Z: x" U1 A, e Q
1 T/ e( L, x7 H. ~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.‘‘
9 p0 y2 O, J* N9 w7 H8 v7 d- S7 c5 h6 `
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.
. z, n, h/ F3 t/ o7 b, `5 @/ ?5 \( q' F
Bitumen production is targeted for late 2011, with oil output from the upgrader expected to start around mid-2012.4 w9 L, D/ R9 j" z0 w
$ k2 C3 P" F4 R
By 2014, Fort Hills is projected to produce up to 280,000 barrels per day.
/ D, A6 t& D' u* S& P0 w" l# J$ b. W2 p; X, J
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. |
|