ATP Resumes Production at Telemark Hub; Continues Workover Operation on MC 941 A-2
11 6월 2012 - 8:30PM
Business Wire
ATP Oil & Gas Corporation (NASDAQ: ATPG) today announced
that it has resumed production at the ATP Titan platform which
services the company’s Telemark Hub. Production from the ATP Titan,
shut-in since May 14, resumed after the operator of the Mars
pipeline temporarily shut in the pipeline to allow for the tie-in
of a new offsetting platform which has now been completed.
Production at the ATP Titan is proceeding as expected and will ramp
up over the next few days.
ATP also announced that it has completed perforation at the
lower B sand at the Mississippi Canyon (MC) 941 A-2 well, part of
the Telemark Hub, and operations to frac-pac have commenced. Work
on the MC 941 A-2 well is expected to be completed before the end
of June, 2012 and the well will be placed on production
immediately. The MC 941 Block produces through the ATP Titan
floating drilling and production platform.
ATP operates the ATP Titan and Telemark Hub which is in
approximately 4,000 feet of water with a 100% working interest and
holds a 100% ownership in ATP Titan LLC which owns the ATP Titan
and associated pipelines and infrastructure.
About ATP Oil & Gas
Corporation
ATP Oil & Gas is an international offshore oil and gas
development and production company with operations in the Gulf of
Mexico, Mediterranean Sea and the North Sea. The company trades
publicly as ATPG on the NASDAQ Global Select Market. For more
information about ATP Oil & Gas Corporation, visit
www.atpog.com.
Forward-looking Statements
Certain statements included in this news release contain
"forward-looking statements" within the meaning of the “safe
harbor” provisions of the Private Securities Litigation Reform Act
of 1995, Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934. ATP cautions
that assumptions, expectations, projections, intentions, plans,
beliefs or similar expressions used to identify forward-looking
statements about future events may, and often do, vary from actual
results and the differences can be material from those expressed or
implied in such forward looking statements. Some of the key factors
which could cause actual results to vary from those ATP expects
include, without limitation, volatility in commodity prices for
crude oil and natural gas, the condition of the capital markets
generally, as well as ability to access them, the timing of planned
capital expenditures, uncertainties in estimating reserves and
forecasting production results, operational factors affecting the
commencement or maintenance of producing wells, and uncertainties
regarding environmental regulations or litigation and other legal
or regulatory developments affecting its business. ATP assumes no
obligation and expressly disclaims any duty to update the
information contained herein except as required by law. While ATP
does not file reports with the SEC containing probable and possible
reserve quantities, ATP occasionally will include them in news
releases, presentations and discuss such reserves publicly. ATP and
its independent third party reservoir engineers use the term
“probable” to describe volumes of reserves potentially recoverable
through additional drilling or recovery techniques that, by their
nature, are more speculative than estimates of proved reserves. Any
estimates of reserves in this news release have been prepared by
our independent third party engineers. More information about the
risks and uncertainties relating to ATP's forward-looking
statements is found in the company's SEC filings or website,
www.atpog.com.
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