ATP to complete Clipper well in the deepwaters of the Gulf of Mexico

Source: ATP Oil & Gas

ATP Oil & Gas Corporation (NASDAQ:ATPG) has received a permit to complete the previously drilled #2 well in the Clipper field at Green Canyon Block 300 in the deepwater Gulf of Mexico. 

"We are pleased that the BOEMRE is confident in ATP's commitment to safe and environmentally sound operations," stated T. Paul Bulmahn, ATP's Chairman and CEO. "The Gulf of Mexico is where we refined our deepwater expertise, and we are looking forward to generating further production growth." 

The Green Canyon 300 #2 well, located in 3,454 feet of water, was sidetracked and encountered a gas reservoir between 15,590 and 15,721 feet total vertical depth in 2006. ATP plans to commence well operations with the Diamond Ocean Victory in 2011. 

Situated in 3,400 feet of water, the Clipper field is situated on Green Canyon Blocks 299 and 300. Development plans for the field include one production well and a sidetrack well being tied to the Murphy Oil-operated Front Runner Spar on Green Canyon 338. 

ATP operates Green Canyon 299 and 300 with a 55% working interest.

The company’s first approved permit was for the stationary deepwater ATP Titan drilling and production platform to drill a well on Mississippi Canyon Block 941.

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