ATP Innovator Becomes Deepwater Platform for Gomez Hub

ATP Oil & Gas has named its floating offshore production platform the "ATP Innovator." The ATP Innovator, previously owned by Rowan and named the "Midland," was a semisubmersible drilling rig acquired by ATP and strategically converted in a short period of time to a floating production platform for the hub development of all of the Gomez reservoirs in the deepwater Gulf of Mexico. ATP installed the offshore facility in 3000' of water depth and initiated production within 16 months of project sanction. The ATP Innovator current processing capacity of 180 MMcfe/d will be further expanded by ATP during the summer to approximately 20,000 BBls/d of oil and 100 MMcf/d of natural gas (220 MMcfe/d). The production hub facility serves Mississippi Canyon ("MC") 711 (Gomez reservoirs) and potential spoke developments at MC 755 (Anduin) and certain exploratory opportunities at MC 667, MC 668, MC 754 (Anduin west) and MC 800 (Gladden). ATP has a 100% ownership of the ATP Innovator, which is subsea connected to oil and gas transportation pipelines.
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