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ATP Oil & Gas (ATPG) Completes Workover at MC Block 941 A-2 Well; Test Rates at 4K BOE/Day

July 9, 2012 7:31 AM EDT
ATP Oil & Gas Corporation (NASDAQ: ATPG) today announced the completion of the workover at its Mississippi Canyon (“MC”) Block 941 A-2 well located in the Mirage Field at the Telemark Hub. The well was completed with 3 ½ inch tubing at a measured depth of 17,140 to 17,401 feet to add the Miocene B Sand completion to the wellbore for field development optimization. Initial test flow rates are at 4,000 barrels equivalent per day (Boe/d) of which 90% is oil. The A-2 well will be tied back to the facility immediately and is expected to produce at a rate of 4,000 to 5,000 Boe/d.

The MC 941 A-2 well 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.


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