Upon achieving production at Matia, ATP commenced drilling a directional well from Gardens Banks Block 142 to ATP's development at Garden Banks 186, named "Cabrito". The Company's Cabrito development is contiguous to Matia. The platform at Garden Banks 142 will provide the production and processing facilities for both wells at Matia and Cabrito. ATP has an 80% working interest in Matia and Cabrito and ATP is the operator of both developments.
"We are pleased to have established production from ATP's deepest offshore platform in the Gulf of Mexico," said T. Paul Bulmahn, ATP's Chairman and President. "Utilization of a plinth to enable us to immediately re-employ an ATP platform being removed and abandoned dramatically improved the overall economics of the project."
Most Popular Articles