ATP Oil & Gas Corporation (ATPG) said Monday it has resumed
production at the ATP Titan platform in the U.S. Gulf of Mexico,
which was shut-in May 14 due to a temporary closure of a
pipeline.
The Titan platform, which services the ATP's Telemark Hub,
resumed production after the operator of the Mars pipeline
temporarily completed the tie-in of a new platform, the company
said in a press release. Production at Titan is proceeding as
expected and will ramp up over the next few days, the company
added.
ATP also announced that fracturing process on the Mississippi
Canyon 941 A-2 well, which is part of the Telemark Hub, is expected
to be completed before the end of June and that the well will be
placed on production immediately.
ATP operates the ATP Titan and Telemark Hub which is in about
4,000 feet of water with a 100% interest.
Shares were recently trading at 3.20% down at $5.14.
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