ATP brings fourth deepwater Telemark Hub well onto production

Offshore staff

HOUSTON – ATP Oil & Gas Corp. (NASDAQ:ATPG) has first oil production from the fourth well at the Telemark Hub. The Mississippi Canyon block 942 A-3 well production rate is being increased through the initial production stages.

The MC 942 A-3 well is on the Morgus field and is the fourth well brought on production at the Telemark Hub via the ATP Titan floating drilling and production platform.

ATP operates the Telemark Hub in approximately 4,000 ft (1,219 m) 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.

2/27/2012

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