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Petro Canada, Teck, UTS proceed on design of $14B Fort Hills oilsands project (Fort-Hills-Oilsands)
) v3 E/ v/ O: kVANCOUVER (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 $14.1 billion.) `/ j4 y6 Z7 v9 o% ~0 F& c
! s0 L2 f! I- D6 P# d2 NThe members of the Fort Hills Energy Limited Partnership said Thursday
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they are committed to proceed with front-end engineering and design. This will take about a year, “producing a definitive cost estimate and the basis upon which the final go-ahead decision on the project will be made.‘‘* {$ @( e" n5 ?# B
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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.' X0 o- q+ U% ]6 A3 Z
0 p& w( T( e, T" y4 d* EBitumen production is targeted for late 2011, with oil output from the upgrader expected to start around mid-2012.8 a% F2 W8 _. ~$ m; O' P4 B' G7 ^
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By 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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