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Petro Canada, Teck, UTS proceed on design of $14B Fort Hills oilsands project (Fort-Hills-Oilsands)
3 {9 V3 J* S& n% M7 s* m/ }6 D/ N; WVANCOUVER (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 $14.1 billion.
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& e' E7 L! l! J9 i% f6 QThe members of the Fort Hills Energy Limited Partnership said Thursday& U( C7 @/ b4 r/ a1 h
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they are committed to proceed with front-end engineering and design. This will take about a year, “producing a definitive cost estimate and the basis upon which the final go-ahead decision on the project will be made.‘‘
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; y4 s7 @6 X1 K) }( D. xThe project _ an oilsands mine and bitumen extraction plant 90 kilometres north of Fort McMurray, Alta., and upgrader northeast of Edmonton _ is expected to produce 140,000 barrels per day of synthetic crude oil in its first phase.
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Bitumen production is targeted for late 2011, with oil output from the upgrader expected to start around mid-2012.; r# P$ s9 U* D) F) C
/ T- h( Q0 d# r6 e' G& x* }By 2014, Fort Hills is projected to produce up to 280,000 barrels per day.
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1 e. ~' ~, b& `6 [- r% }# xPetro-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
