ATP Oil & Gas begins Gomez development in Gulf of Mexico

By OGJ editors

HOUSTON, Nov. 24 -- ATP Oil & Gas Corp., Houston, reported that the Noble Therald Martin semisubmersible has been moved to location at the company's Gomez development area on Mississippi Canyon Block 711 in the Gulf of Mexico.

The rig is scheduled to reenter, test, and complete the MC 711 No. 4 ST1 well in 3,000 ft of water. The discovery well at Gomez was drilled in 1997. In 2000, the discovery was confirmed by the MC 711 No. 4 ST1, which found 125 ft of oil and natural gas pay in Lower Pliocene sands.

ATP has accelerated the development of Gomez. First production is scheduled during the early part of fourth quarter 2005.

In addition to the No. 4 ST1 well, ATP plans to reenter and complete a second Gomez well in 2005.

ATP is the operator with a 99% working interest.

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