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Petro Canada, Teck, UTS proceed on design of $14B Fort Hills oilsands project (Fort-Hills-Oilsands)0 C& W( m, Q. M6 n/ V
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 $14.1 billion.
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The members of the Fort Hills Energy Limited Partnership said Thursday
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5 x/ k7 z$ f/ s: p7 mthey 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# K+ i* \7 r
/ v0 c, y" p" M+ ?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.4 c* G5 E- B p
3 L6 W8 u6 S* [; TBitumen production is targeted for late 2011, with oil output from the upgrader expected to start around mid-2012.
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1 k! Z7 F* X2 s& Z- ^; gBy 2014, Fort Hills is projected to produce up to 280,000 barrels per day.9 z4 Z4 r6 ? o ~4 x' a
1 ~, o) }, X, v1 DPetro-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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