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ATP First in Gulf to Install ADS-B Air Traffic Control System

Dépèche transmise le 28 juillet 2009 par Business Wire

ATP First in Gulf to Install ADS-B Air Traffic Control System

HOUSTON--(BUSINESS WIRE)--ATP Oil & Gas Corporation (NASDAQ: ATPG) announced today that the ATP Innovator is the first Gulf of Mexico offshore platform to install an Automatic Dependent Surveillance-Broadcast (ADS-B) system for air traffic control to and from platforms in the Gulf of Mexico. ATP partnered with the Federal Aviation Administration (FAA) Surveillance and Broadcast Services Office, Helicopter Association International (HAI), Gulf helicopter operators, and other offshore oil and gas companies to implement this new technology. ADS-B uses precise location data from the global satellite network to provide real-time, radar-like traffic information directly to ADS-B equipped aircraft, then transmitted to shore to the FAA and to air traffic controllers and other aircraft. In addition, the system will provide helicopter operators in the Gulf immediate access to updated weather information and other flight information services. The system on the ATP Innovator platform will be part of a larger network of systems which are set to go operational in December 2009.

“The safety and security of our offshore industry personnel is of utmost priority,” stated T. Paul Bulmahn, Chairman and CEO of ATP. “Helicopters serving oil and gas installations conduct as many as 7,500 trips each day to offshore platforms over a 500 mile-wide area along the Texas, Louisiana, and Mississippi coastlines, extending 250 miles out into the Gulf. They carry an estimated 2.6 million passengers per year. ATP is proud to be a partner in this significant enhancement to aviation safety.”

About ATP Oil & Gas Corporation

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 company trades publicly as ATPG on the NASDAQ Global Select Market. For more information about ATP Oil & Gas Corporation, visit www.atpog.com.

Forward-looking Statements

Certain statements included in this news release are “forward-looking statements” under the Private Securities Litigation Reform Act of 1995. ATP cautions that assumptions, expectations, projections, intentions, or beliefs about future events may, and often do, vary from actual results and the differences can be material. Some of the key factors which could cause actual results to vary from those ATP expects include changes in natural gas and oil prices, the timing of planned capital expenditures, availability of acquisitions, uncertainties in estimating proved reserves and forecasting production results, operational factors affecting the commencement or maintenance of producing wells, the condition of the capital markets generally, as well as our ability to access them, and uncertainties regarding environmental regulations or litigation and other legal or regulatory developments affecting our business. More information about the risks and uncertainties relating to ATP's forward-looking statements is found in our SEC filings.