| Show i 4 At Ute project i I survives second test nt learned this week that the Board of Directors of the United States Synthetic Fuels Corporation selected the Ute Ute Shale Oil Facility to ad- ad advance advance vance to the negotiations phase under the second solicitation Larry A Lukens President and Chief Executive Officer explained reaction We are pleased to have met the latest requirements set forth by the is now in a p positive position to proceed with our plans for Ute We anticipate construction to begin next year pending mutually satisfactory negotiations with the Lukens said The Ute Ute project will event even eventually include three aboveground retorts auxiliary and upgrading equipment and an underground mine When complete the facility will produce approximately barrels of shale oil per operating day The first retort Is tentatively scheduled scheduled ed to begin operation in 1985 Following approximately 14 months of f operation with the first retort construction would then begin on the second and third retorts Full operation at the day per level Is scheduled to begin in 1990 The cons construction workforce is estimated to peak at approximately 2400 employees for a short period In 1984 The operating workforce is ex- ex expected petted to stabilize at approximately 1200 employees at the barrel barrel- day pcr-day level requested 1283 billion In a combination of loan and price guarantees for the facility This amount along with other aspects of the proposal negotiation will now be subject to negotiation tion between the and Negotiations are expected to continue through December 1982 The has very high selection standards explained Lukens so we to have remained under consideration lie He continued selection a r reflection of the rt dedica tion and quality of people whose past and present efforts have brought this far I am convinced that can and will achieve the corn como of our oil shale technology Today's selection has brought us ever closer to that goal The Ute Ute facility will be located on oil shale lands controlled by approximately 50 miles southeast of Vernal on the north bank of the White River has acquired additional oil shale land since it last ap- ap applied applied plied to the In 1981 |
