Offshore staff
(US, GoM) - ATP Oil & Gas has achieved first production from the Gomez project located across portions of Mississippi Canyon blocks 667, 668, and 711, in approximately 3,000 ft of water.
The Gomez field development comprises subsea wells tied back to the converted semisubmersible floating production facility,Rowan Midland, moored on MC 711.
Currently, the facility is receiving flow from two subsea wells completed on the southern portion of MC 711, which will ramp up to peak production of 20,000 b/d of oil over the next few weeks.
ATP plans to begin a drilling program in the third quarter to exploit the northern portion of the Gomez project area, comprising MC 667 and 668. Associated gas will be processed through the semi as well, which is fitted with capacity for 50 MMcf/d.
The operator acquired theRowan Midland from Rowandrill, Inc. for $60 million in 4Q 2005, which it had previously secured under a lease agreement. The operator will continue to pay a monthly lease payment through Jan. 31, 2007, after which it will payoff the balance of the lease.
ATP says total capital expenditures related to conversion of the semi, excluding purchase cost amounted to around $40 million.
The semi is designed to accommodate production from four wells, but is expandable to handle flow from an additional six wells.
ATP today announced first production from the Gomez project during its 4Q 2005 earnings conference call.
ATP operates Gomez with a 100% working interest.
03/09/06
