Show Cathedral Bluffs Shale Oil Co wants 2nd try Cathedral Bluffs Shale Oil Co which suspended operations in Colorado near near- nearly nearly ly a year ago because of poor economic conditions and uncertain engineering wants to try again with a different technology and government money The company according to one of- of official facial has in mind building a near duplication of Union Oil Co of Califor nias nia's oil shale project which is about nine months from completion north of Parachute Colo Bob Loucks Cathedral Bluffs vice president for tor planning said the company intends to seek assistance from Crom the US Synthetic Fuels Corp He wouldn't disclose how much money the company will seek seck from the federal government or whether it would come comein comein in the form of a loan guarantee or price supports for crude oil Nor would he give a cost estimate for forthe forthe the Unions Union's project per barrel day project is costing million but Louck pointed out that Cathedral Bluffs already has millions of dollars invested in its tract Instead of the barrel i per day day er-day oil shale project first planned for the C Cob b tract the company proposes to build one surface retort or oil shale processor aimed at producing barrels per day j If federal help is obtained Louck said construction would start In late 1984 The construction force would peak at about 2000 workers and permanent employees would be required once the project began producing oil in 1988 Cathedral Bluffs is very close to pur- pur purchasing purchasing chasing a surface retort which separates crude from the oil shale although Loucks said he preferred not to name the retort manufacturer until the contract is signed Cathedral Bluffs is a joint venture of Tenneco Inc and Occidental Petroleum Co They leased the Cob C b tract the inthe Pi- Pi Basin in 1974 |