 鲜花( 0)  鸡蛋( 0)
|
Petro Canada, Teck, UTS proceed on design of $14B Fort Hills oilsands project (Fort-Hills-Oilsands)
y/ m9 V& P1 W! w. K6 i, T- M9 SVANCOUVER (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 $14.1 billion.
, d" C! k5 y3 Y) C5 Z6 A( a; Q" f' ]( | u1 E- R8 h
The members of the Fort Hills Energy Limited Partnership said Thursday% d( S5 c p9 W4 o2 k
- q- B' m% \8 g$ C/ R6 l1 J5 {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.‘‘
; l& i2 _" c( }1 p7 k
3 b+ \; E7 M+ i0 @0 n- ]2 `' rThe 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.7 W* l4 P9 R( \$ l6 j# \
5 C+ D* ~0 R6 o" b0 T# vBitumen production is targeted for late 2011, with oil output from the upgrader expected to start around mid-2012.: e# ^8 c5 o0 O% Y
0 n6 o- D6 @5 I, r! c9 [% x- w& SBy 2014, Fort Hills is projected to produce up to 280,000 barrels per day.
9 S0 e6 ^2 ]0 J4 U2 Q' c% `! h
! Y' D: X# C, h/ A- `& E+ l3 APetro-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. |
|