Currently, we're doing a FEED study, a front end engineering and design study. Our partners are getting together with Alstom to basically do the first work on the design engineering and make sure that the costing all comes together relative to what we proposed, so that we and the governments will feel comfortable that if we go ahead and build the project, it will be built for the cost that we said it would and will actually secure the CO2 we said it would.
It will take us about another year, perhaps a year and a quarter, to finalize that work. It's about $20 million worth of work. At the end of that stage, we'll have proven out the cost of the projects and proven out many aspects of the well program. We'll have determined whether or not a pipeline can be built and CO2 in fact can be sold into the EOR facilities.
At that point, we'll make a decision to build the project. It will take approximately two years to build. We hope to have the project operational somewhere in the 2015 to 2016 timeframe. The current plan would have all of the CO2 sequestered for two years and then moved through the pipeline after that.