ArcLight acquires GoM pipelines

ArcLight Capital Partners, through its wholly-owned affiliate Offshore Infrastructure Partners, has acquired the oil and natural gas pipelines that service the Gomez Hub for $78 million from ATP Oil & Gas.

Offshore staff

BOSTON, Massachusetts -- ArcLight Capital Partners, through its wholly-owned affiliate Offshore Infrastructure Partners, has acquired the oil and natural gas pipelines that service the Gomez Hub for $78 million from ATP Oil & Gas.

The 28-mi (45-km) pipeline can transport up to 25,000 b/d of oil to the Amberjack pipeline system. The 28-mi (45-km) gas pipeline can transport up to 100 MMcf/d of natural gas to the Discovery Gas Pipeline.

ATP will remain the operator of Mississippi Canyon block 711 and will remain the operator of both pipelines.

09/29/2009

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