Breitling Oil and Gas Morning Podcast #102 June 29th, 2012

ATP Oil and Gas recently sued the U.S. Department of the Interior for costs it incurred during the 2010 deepwater drilling moratorium after the Gulf of Mexico oil spill.

Platts reports the Houston-based offshore oil and gas exploration and production company filed the  June 14, alleging it incurred more than $60 million in costs resulting from the moratorium and the delay in drilling permits after the moratorium was lifted.

The lawsuit claims the Department of the Interior breached its Gulf of Mexico exploration lease obligations when the moratorium took place.

Platts reports that ATP said in the that it paid Houston-based Diamond Offshore Drilling Inc. , a drilling contractor, more than $25 million to keep a rig under contract while waiting for a drilling permit, and it suffered other damages for underusing its other production platforms.

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