Offshore staff
US, GoM -- ATP indicates FEED work is under way for development of four of its newly acquired fields: Telemark (Atwater Valley block 62, Mirage (Mississippi Canyon block 941), Oasis (Mississippi Canyon block 943), and Morgus (Mississippi Canyon block 942).
The operator plans to install a spar in close proximity to the fields for drilling and production operations. Early design parameters for the facility include at least two risers, a 2,000-horsepower platform drilling rig, capacity for production of 20-30,000 b/d of oil and 60-100 MMcf/d of gas.
The facility is expected be installed in the first half of 2008, with first production expected by the end of the year. ATP says total capital expenditures for this project could reach $550.
According to the operator, previous drilling with logged hydrocarbons at Telemark, Mirage, and Morgus identified approximately 190 bcfe of recoverable hydrocarbons, while an additional 60 bcfe may be recoverable through additional exploration.
ATP is 100% owner and operator of all four fields.
08/03/06
