 鲜花( 0)  鸡蛋( 0)
|
Petro Canada, Teck, UTS proceed on design of $14B Fort Hills oilsands project (Fort-Hills-Oilsands)
% n% R: M% H& o6 g/ \+ c1 z; B3 nVANCOUVER (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 $14.1 billion.! S, p% k" e T0 W
1 {$ q! h1 K F6 m: \
The members of the Fort Hills Energy Limited Partnership said Thursday
$ K# h3 U7 n; |# Q9 ~6 S& ]" R: L$ C R: P2 b) v! L) W. f
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.‘‘
( A" H5 a% ?! @) o8 ^0 f# k1 C6 \" F
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.
% F6 Y2 y# L. O+ ^* t8 i
0 S" k' Q% Z3 F4 TBitumen production is targeted for late 2011, with oil output from the upgrader expected to start around mid-2012.. g1 ^6 L5 K1 ]
7 Y: b6 i8 p' u5 v/ X0 x! [
By 2014, Fort Hills is projected to produce up to 280,000 barrels per day.
6 F- U) E# i9 o3 E/ p( S, v4 V1 f& g# q* C* G0 V
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. |
|