ATP Oil & Gas Corp.

Transaction Type
Marketers
Basin
Gulf of Mexico
Field
Mirage (MC 941), Morgus (MC 942) and Telemark (AT 63)
Post Date
Estimated Price
0MM
Description

ATP Oil & Gas Corp. has retained Scotia Waterous to sell certain interests in the deepwater Gulf of Mexico. APT is seeking a partner to fund all or part of the remaining $450 million to develop the Mirage (MC 941), Morgus (MC 942) and Telemark (AT 63) fields in the Mississippi Canyon and Atwater Valley in exchange for a working interest in the project. ATP has already invested $900 million in the project. Peak production is expected to be more than 32,000 barrels of oil per day in 2011. First production is expected in 2010. Most pipelines are installed. The data room opens Feb. 23. The bid due date has not been determined. Contact Adrian Goodisman, 713-437-5050.