ATP Receives 2nd Gulf of Mexico Deepwater Permit

ATP Oil & Gas Corporation (NASDAQ:ATPG) today announced that it has received a permit to complete the previously drilled #2 well at Green Canyon ("GC") Block 300 ("Clipper") in the deepwater Gulf of Mexico.

"We are pleased that the BOEMRE is confident in ATP's commitment to safe and environmentally sound operations," stated T. Paul Bulmahn, ATP's Chairman and CEO. "The Gulf of Mexico is where we refined our deepwater expertise and we are looking forward to generating further production growth."

The GC 300 #2 well, located in 3,454 feet of water, was sidetracked and encountered a gas reservoir between 15,590 and 15,721 feet total vertical depth in 2006. ATP plans to commence well operations with the Diamond Ocean Victory in 2011. ATP operates GC 300 with a 55% working interest.

About ATP Oil & Gas Corporation

ATP Oil & Gas is an international offshore oil and gas development and production company focused in the Gulf of Mexico, Mediterranean Sea and North Sea. The company trades publicly as ATPG on the NASDAQ Global Select Market. For more information about ATP Oil & Gas Corporation, visit www.atpog.com.
Source: ATP