ATP Sues US For $70M Over Deepwater Drilling Delays

Law360, New York (June 15, 2012, 6:49 PM EDT) -- ATP Oil & Gas Corp. sued the federal government Thursday for $70 million in damages from lost profits and production costs during the U.S. Department of the Interior's allegedly unlawful permitting delays following its moratorium on Gulf of Mexico drilling following the Deepwater Horizon oil spill.

The suit, filed in the U.S. Court of Federal Claims, accuses the agency of breaching ATP’s oil and gas leases on submerged lands off the Mississippi coast by refusing to allow the company to drill for gas or oil without...
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