BP Makes Gas Discovery Offshore Vietnam

BP has made a natural gas discovery offshore Vietnam in Block 5-2 and Block 5-3. The discovery is located approximately 230 miles offshore of Vung Tau City on the southern Vietnamese coast. The total reserve of the two blocks is estimated at 60 billion cubic meters equivalent to the reserve of the Lan Tay and Lan Do gas fields.

BP is currently reviewing development plans with its Vietnamese partners to supply gas to the Phu My Gas-Electricity-Fertilizer Complex in Ba Ria-Vung Tau province and the Nhon Trach Industrial Park in southern Dong Nai province.