ATP Oil & Gas: Operations and production suspended at Gomez property

By Caroline Salls

Pittsburgh, April 26 - ATP Oil & Gas Corp. received a notification of suspension of operations and suspension of production from the Bureau of Safety and Environmental Enforcement in connection with its "Gomez" property, according to an 8-K filed Friday with the Securities and Exchange Commission.

The suspensions were issued to enforce an order of the Bureau of Ocean Energy Management, which required the company to provide supplemental bonding.

As a result of the suspensions, production and any other leaseholding operations on Gomez will be suspended beginning April 30 and lasting until ATP addresses the issue.

The company said it will work with royalty and interest holders and infrastructure owners of Gomez to develop a plan that would enable it to continue production.

ATP Oil & Gas is a Houston-based offshore oil and gas development and production company focused in the Gulf of Mexico, the Mediterranean Sea and the North Sea. The company filed for bankruptcy on Aug. 17, 2012 in the U.S. Bankruptcy Court for the Southern District of Texas under Chapter 11 case number 12-36187.

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