Fina Exploration Minh Hai, as operator of a joint venture, announced today its seventh discovery in the Vietnamese section of the Gulf of Thailand.

Well 46-KM-1X, located in Block 46, encountered multiple gas bearing zones and yielded a cumulative flow rate of 36 million cubic feet of gas per day from two tested intervals. The rig will now move to well 46-TL-1X also in Block 46.

Fina Exploration Minh Hai, a subsidiary of PetroFina S.A. (NYSE:FIN) has a 70% interest in the acreage. PTTEP International, a Thai company, has the remaining 30% interest.

As soon as the development period commences under the Production Sharing Contract, the Vietnamese State Company has the option to acquire a participating interest of up to 15%.