BP Exploration Operating Co. and partner Den norske stats oljeselskap AS have disclosed a third significant gas discovery in the Nam Con Son basin off Viet Nam. The combine's 1X Hai Thach wildcat, drilled on Block 5.2 in 140 m of water, found substantial gas pay below 2,900 m. BP said initial tests proved high quality gas in reservoirs capable of high-but undisclosed-flow rates. BP Exploration Chief Executive Rodney Chase called the results of the Hai Thach (Aquamarine) discovery well "very encouraging." One source said the company is believed to have tentatively pegged Hai Thach reserves at 1 tcf of gas. It's part of an indust...

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