Offshore staff
HOUSTON -- ATP Oil & Gas Corp. plans to tieback recently acquired properties to its Gomez floating production unit in Mississippi Canyon block 711.
The company has acquired an interest in a package of properties including a 100% working interest in the Anduin discovery in Mississippi Canyon block 755, adjacent to Gomez. The MC 755 No. 2 discovery well was drilled in 2005.
ATP intends to establish production at Anduin later this year by side tracking, completing, and tying back the discovery well to Gomez.
Following completion of Anduin, the company will earn interests in two prospects; a 50% working interest in MC 754 and a 25% working interest in MC 800 (Gladden). Gladden is scheduled to spud later this year, followed by MC 754 in 2008.
The two prospects will be tied back to Gomez, pending drilling results.
"This acquisition was a home run for ATP since it included a material expansion of reserves in the Gomez area and underscores the value of our floating production facility," says Paul Bulmahn.
"This should further enable ATP to achieve projections of our production ramp-up for 2007 and beyond," he says. "The transaction also allows third-party access to the Gomez facility and thus our production facility should operate at close to maximum capacity for a substantially longer period of time than previously expected."
"The acquisition of additional working interests in these three blocks near Gomez significantly increases our presence in this region of the Gulf of Mexico," adds Gerald Schlief, ATP senior VP. "ATP continues to acquire interests in offshore blocks that are near our existing infrastructure."
01/24/2007
