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Petro Canada, Teck, UTS proceed on design of $14B Fort Hills oilsands project (Fort-Hills-Oilsands)3 H; A6 |* P5 T5 f- Y
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 $14.1 billion.
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* U( B+ ~% j6 P T% B$ ~The members of the Fort Hills Energy Limited Partnership said Thursday
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; E5 P! y {. F8 E- p$ G2 }3 Ithey 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.‘‘3 p& x9 F: h5 }4 a. h) S0 u7 G3 e
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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.2 ~2 F# x4 F) {+ {
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Bitumen production is targeted for late 2011, with oil output from the upgrader expected to start around mid-2012.3 w- O% x$ c, }$ Q, ^7 ^
; N M$ Z; X4 j, h7 G: p* j% l7 }By 2014, Fort Hills is projected to produce up to 280,000 barrels per day.6 \, }( ^) l d! d6 P/ s
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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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