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Petro Canada, Teck, UTS proceed on design of $14B Fort Hills oilsands project (Fort-Hills-Oilsands)
) K8 F' h' t: O8 yVANCOUVER (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 $14.1 billion.8 M0 d. c* O/ ]* o; S: A( a
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The members of the Fort Hills Energy Limited Partnership said Thursday f }/ {$ H' g/ z) K' g$ U: t
, K2 j# h. R$ D" g0 Athey 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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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.. c& z2 l; u6 \
, B; a% v% h1 f: L1 X& g$ {Bitumen production is targeted for late 2011, with oil output from the upgrader expected to start around mid-2012.9 I; r- p) L# c9 M l
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By 2014, Fort Hills is projected to produce up to 280,000 barrels per day.3 L5 R! U) E7 N( U
. S$ J e6 A6 Z: P0 M6 W# @, A# D1 kPetro-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
