Operating Highlights Oil Sands Recovery Program
Post# of 1680
Posted On: 11/28/2012 10:30:22 AM
Operating Highlights Oil Sands Recovery Program
Plant fabrication/construction schedule
• 2012: 2 x 250 bbl/day and 2x 500 bbl/day pilot plant.
• 2013: 4 x 500 bbl/day plant and 2 x 1000 bbl/day
• Years 3-5: 8-10 x 1000 bbl/day plants each year.
Plants cost: $3 million/250 bpd, $5 million/500 bpd.
Plant location(s) proximate to oil sands lease.
Construction and start-up period: 6 months.
Average capacity utilization: 67%.
Operating costs - $30 - $ 40 / bbl including mining.
Assume oil price $75 / bbl for 16-20 API product. (upgraded)
Truck transport oil to nearby Salt Lake City independent refineries.
Wider profit margins from oil sands production will add to MCW’s
bottom line operations…enhancing shareholder returns.
(0)
(0)