ATP Wins GOM Lease

Thursday, October 13, 2005
ATP Oil & Gas Corporation reported that it was awarded two of the three blocks for which it was the apparent high bidder at the Western Gulf of Mexico Offshore Lease Sale held in New Orleans this past August. ATP is the operator and has a 100% working interest in the blocks, Garden Banks 228 and High Island A-391, which were awarded at a total cost of approximately $0.6 million dollars. Garden Banks Block 228 is located in approximately 745 feet of water and has one well that was drilled to 16,897' TVD in 2003, and it logged apparent gas pay. High Island Block A-391 is located in approximately 214 feet of water. It has one well that was drilled to 10,995' TVD in 1977, and is the planned drill site for ATP's High Island Block A-392 development. Stated Senior Vice President Gerald W. Schlief, "With the awarding of these two properties, ATP continues to build its inventory of development opportunities and to fulfill the Company's primary objective, which is to acquire, develop and aggressively establish production from oil and gas properties with apparent oil and gas reserves."

Offshore

STX to Slash Jobs, Sell Yard

To stat above water by restructuring, South Korean Shipbuilder STX Offshore & Shipbuilding Co. plans to lay off about a third of its workforce and sell a yard in France, says a report in WSJ.

Onshore Spending on the Cusp of Recovery?

DW’s recently released quarterly World Oilfield Services Market Forecast (OFS) and World Oilfield Equipment Market Forecast (OFE) continue to suggest 2016 will

US Offshore Lease Sale Yields $18 Mln in High Bids

Today’s U.S. oil and gas Lease Sale 248 garnered $18,067,020 in high bids for 24 tracts covering 138,240 acres in the Western Gulf of Mexico Planning Area, announced

Finance

SOS from Hanjin Shipping

The creditors' extended help is crucial for survival of Hanjin Shipping Co as its negotiations with owners of chartered ships over a cut in leasing rates and to

NParks, Keppel in S$2.08 mln Partnership for Restoring Singapore Forest Wetlands

The National Parks Board (NParks) and Keppel Corporation today unveiled plans for a partnership to restore the freshwater forest wetland ecosystem historically

Skaugen Goes to Red Again

Norwegian Marine Transportation Service Company I.M. Skaugen SE reported interim losses but cautiously positive and expecting a gradual recovery of trading opportunities

 
 
Maritime Contracts Maritime Security Maritime Standards Navigation Offshore Oil Pod Propulsion Salvage Ship Repair Ship Simulators Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0770 sec (13 req/sec)