New Deals: ATP Wins Bid For Offshore Lease

April 19, 2010 (FinancialWire) — ATP Oil & Gas Corp. (NASDAQ: ATPG) said that the Minerals Management Service has accepted ATP’s bid of $232,100 for Garden Banks Block 782, also known as Entrada.

ATP said it made the bid at the Central Gulf of Mexico Offshore Lease Sale 213 held in March 2010. It said that previous exploration drilling on Garden Banks 782 found logged hydrocarbons and Entrada is in the vicinity of existing infrastructure owned by others.

The company said it will serve as operator with a 100% working interest in Entrada, which is located in around 4,531 feet of water.

Houston-based ATP Oil & Gas is an international offshore oil and gas development and production company with operations in the Gulf of Mexico and the North Sea. The Colorado-based Minerals Management Service is a bureau in the U.S. Department of the Interior. It is the Federal agency that manages the nation's natural gas, oil and other mineral resources on the outer continental shelf.

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