ATP acquires interest in Green Canyon blocks

ATP Oil & Gas Corp. acquired a 55% working interest in the Gulf of Mexico's Green Canyon Blocks 299 and 300, collectively known as Clipper.

By OGJ editors
HOUSTON, July 2 -- ATP Oil & Gas Corp. acquired a 55% working interest in the Gulf of Mexico's Green Canyon Blocks 299 and 300, collectively known as Clipper.

ATP, which acquired the ownership interest from two independents, will operate both blocks. The value of the transaction was not disclosed.

ATP plans to complete one existing well and sidetrack and complete a second well first production scheduled for late 2009. Four wells drilled in 2005-06 in 3,400 ft of water.

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