Fort Hills lets $1.3 billion contract for oil sands project

    Sept. 24, 2014
    The Fort Hills Energy LP consortium has let a $1.3 billion engineering, procurement, fabrication, and construction contract to Fluor Corp. for the utilities scope of the Fort Hills oil sands mining project, 90 km north of Fort McMurray, Alta., in the Athabasca region.

    The Fort Hills Energy LP consortium has let a $1.3 billion engineering, procurement, fabrication, and construction contract to Fluor Corp. for the utilities scope of the Fort Hills oil sands mining project, 90 km north of Fort McMurray, Alta., in the Athabasca region.

    The Fort Hills project will be developed as an open-pit truck and shovel mine. Production is expected to launch in fourth-quarter 2017 and eventually yield 180,000 b/d of bitumen (OGJ Online, Oct. 31, 2013).

    Fort Hills Energy is owned by Suncor Energy Inc., developer and operator of the Fort Hills project, with 40.8% interest; Total E&P Canada 39.2%; and Teck Resources Ltd. 20%.

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