ATP Oil & Gas Corporation has completed the capacity upgrade and increased production at its 100% owned and operated Gomez development. As of today, all 5 wells are connected and flowing at 19,600 bop/d. Associated gas accounts for an additional 55 MMcf/d. The 5 producing wells include four wells at Mississippi Canyon ("MC") 711 and one new well at MC 755.

Leland E. Tate, ATP Chief Operating Officer, stated, "This is a terrific achievement for the ATP team. For most of 2006, we had 2 producing wells at Gomez, now we have 5. It took longer than anticipated, however that can easily happen in this water depth and with the combination of subsea and surface connections. The delay impacted our third quarter production which is estimated at 13.3 Bcfe (50% oil, 50% gas). This delayed production will be produced in future periods. With Gomez connected and flowing, we are one step closer to our 300 MMcfe/d projected year-end exit rate. Wenlock (100% WI) in the North Sea is nearing its final connection with first gas projected before year-end 2007."

Tags: ATP Oil & Gas Corporation