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Petro Canada, Teck, UTS proceed on design of $14B Fort Hills oilsands project (Fort-Hills-Oilsands) P. Q' F& z/ D5 P# G- k
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 $14.1 billion.; Z' N5 u5 L& J) w O) Q- F" W
1 m7 L8 X0 v: u1 MThe members of the Fort Hills Energy Limited Partnership said Thursday7 n+ n0 P$ ?: B# ~
% F8 [2 E8 D; }$ P" x+ F8 gthey 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.
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Bitumen production is targeted for late 2011, with oil output from the upgrader expected to start around mid-2012.$ `% O4 J) I8 S3 ~- z
$ l/ Z- K. j- n! e2 QBy 2014, Fort Hills is projected to produce up to 280,000 barrels per day.( Z4 x% ?. R3 h) O
% w. p6 g" m) RPetro-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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