'Frontier' mine on the horizon
Oil sands developer UTS Energy and partner Teck Cominco have teamed up to
develop a new oil sands mine close to the Fort Hills oil sands project in
Canada.
According to Reuters, the new Frontier mine may be capable of producing up
to 160,000 barrels of bitumen a day when it begins production in 2015.
The new project would be in addition to a 50,000 barrel per day mine, called
Equinox, the partners are planning on a property close to the Fort Hills
site.
Equinox could be operating by 2014, according to disclosure documents filed
by the joint-venture partners.
No cost estimates for the two mines were given.
The two projects would not include an upgrader, but their production might
be processed at the Fort Hills project or shipped as is to refineries.
The partners said teaming up with a US refiner capable of handling the
bitumen is also a possibility.
26 March 2008 15:58 GMT
| last updated:
26 March 2008 16:03 GMT
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