ATP Oil & Gas Ltd. Significant Procession

The UK Secretary of State for Trade and Industry has approved development of on Block 47/10 in the southern gas basin of the UK continental shelf in the North Sea. ATP Oil & Gas (UK) Ltd., Guildford, UK, has been confirmed as production operator of the fieldProduction is to start in 2003.

ATP said the field would be developed with a well that would be tied back to the BP PLC-operated Amethyst field via 10 miles of subsea pipeline.

It is only the second year activity of this company and it achieved such significant results in this region. ATP will be a wholly owned subsidiary of ATP Oil & Gas Corp., Houston.

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