ATP expands development of Ship Shoal 358

By OGJ editors

HOUSTON, July 13 -- ATP Oil & Gas Corp. has expanded development and production with its third well in Ship Shoal Block 358 in the Gulf of Mexico.

Originally scheduled for two wells, development at Ship Shoal 358 was expanded by additional drilling because of the positive performance of the first two wells, officials said.

ATP reached total depth on its Ship Shoal 358 A-3 well at 8,599 ft, with gas pay in three Lentic sands. The well was completed in the lowest Lentic sand. Company officials said they plan to produce the upper sands over the life of the well.

Ship Shoal 358 produces a total 19.3 MMcfd of natural gas and 1,750 b/d of condensate from all three wells. ATP holds a 51% working interest and is the operator.

"ATP has placed six wells on production, five in the US and one in the North Sea, during the first half of 2004," said T. Paul Bulmahn, chairman and president.

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