True
North Energy (Koch, see UTS)
http://www.truenorthenergy.com/
http://www.kochind.com/solutions/truenorth.asp
Project
title: Fort Hills Oil Sands Project
Type:
Surface Mine
"TrueNorth
Energy L.P. is an independent energy company with operations focused
in the the abasca Oil Sands Region of Alberta, Canada. The company's
headquarters are in Calgary with a Fort Hills Project office in
Fort McMurray, Alberta. TrueNorth Energy is the operator and 78
per cent owner of the proposed Fort Hills Oil Sands Project. UTS
Energy Corporation holds the remaining 22 percent. The Fort Hills
Oil Sands Project is designed to produce 95,000 barrels of bitumen
per day from the initial mine by 2005 and 190,000 by 2008. There
are approximately 2.8 billion barrels of mineable bitumen on the
leases, providing for about 40 years of operation. The project is
estimated to cost approximately
$3.5 billion."
"The
plan at Fort Hills is to mine and process approximately 55 million
tonnes of oil sand per year, starting in 2005, yielding about 95,000
barrels of bitumen per day. Mining and processing will increase
to 110 million tonnes per year by 2008, yielding about 190,000 barrels
of bitumen per day. The bitumen blend, including diluent, will be
transported via third party pipelines to refineries in Canada and
the Midwest United States".
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