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Petro Canada, Teck, UTS proceed on design of $14B Fort Hills oilsands project (Fort-Hills-Oilsands)! r R+ k. G9 |) u0 U# ?
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 $14.1 billion.; z6 L& R/ b5 z! b
# Y) K5 `: }/ O! \+ H1 `The members of the Fort Hills Energy Limited Partnership said Thursday
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" }. m5 Y. K$ B! k, {, 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.‘‘6 K) N0 }( Q; j2 v8 w$ }
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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.
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$ x/ a1 d7 D) y# PBitumen production is targeted for late 2011, with oil output from the upgrader expected to start around mid-2012.! {5 `: X9 G' q
3 h9 }( l- F8 P# z5 H" Y4 b2 `, kBy 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
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