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8/24/2011 - ATP BRINGS THIRD TELEMARK WELL ONSTREAM |
| ATP Oil & Gas commenced oil production from its Mississippi Canyon block 941 A-2 (#4) well in the deepwater Gulf of Mexico. The MC Block 941 A-2 well is located on the Mirage Field and is the third well brought on production at the Telemark Hub location utilizing the ATP Titan floating drilling and production platform. The well delivered on ATP's original expectations with an initial rate exceeding 7,000 BOEPD. All permits to immediately begin drilling the fourth well, MC 942 #2, have been approved with production projected later this year.
ATP operates the deepwater Telemark Hub in approximately 4,000 FSW (1,220 MSW) with a 100% working interest and holds a 100% ownership in ATP Titan LLC which owns the ATP Titan and associated pipelines and infrastructure. |
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