Central & SE Asia / Australasia

Brunei flag
Summary | Profile

Country profile: Brunei

Location: Southeastern Asia, bordering the South China Sea and Malaysia
Climate: tropical; hot, humid, rainy
Terrain: flat coastal plain rises to mountains in east; hilly lowland in west
Size: 5770 sq. km total (Land area: 5270 sq. km  Water area: 500 sq.km)
Population: 381,371 (July 2008 est.)
Languages: Malay (official), English, Chinese
Government: constitutional sultanate
Capital city: Bandar Seri Begawan
Legal system: based on English common law; for Muslims, Islamic Shari'a law supersedes civil law in a number of areas; has not accepted compulsory ICJ jurisdiction
Currency: Bruneian dollar (BND)
Licensing:

Country profile

Brunei's small, wealthy economy is based heavily upon proceeds from exports of crude oil and natural gas. Revenues from the hydrocarbons sector account for nearly half of gross domestic product (GDP), around 90 percent of merchandise exports, and 80 percent of government revenues. Brunei consumes little energy domestically, and is a sizeable net exporter of oil and natural gas. However, the country’s hydrocarbon reserves have declined over the last several decades. The bulk of Brunei’s domestic energy consumption comes from natural gas, while the balance is met by oil. As oil and natural gas reserves are further depleted, there may be some pressure to diversify the country’s energy consumption mix.

Energy production and consumption


Oil Gas
Production: 219,300 bbl/day (2006) 11 billion cu m (2005 est.)
Consumption: 14,900 bbl/day (2006) 2 billion cu m (2005 est.)
Exports: 205,600 bbl/day (2006) 8 billion cu m (2005 est.)
Imports: 660 bbl/day (2004)  
Reserves: 1 billion bbl (1 January 2006 est.) 374 billion cu m (1 January 2006 est.)
Major fields:



Brunei - recent news

20 Aug 26
Brunei: TGS awarded data brokerage rights for offshore Brunei
TGS, a global provider of energy data and intelligence, has been awarded data brokerage, marketing and licensing rights by the Petroleum Authority of Brunei Darussalam (PA) for subsurface data over an offshore Brunei block.
18 Aug 26
Brunei: SLB to support offshore production restoration for Brunei Shell Petroleum
Global energy technology company SLB has been awarded a contract by Brunei Shell Petroleum (BSP) to support production restoration from shut-in wells across multiple offshore fields.
01 Aug 26
Brunei: Subsea7 awarded contract offshore Brunei
Subsea7 has announced the award of a sizeable(1) contract by Brunei Shell Petroleum (BSP). The contract covers the subsea installation for a Pipeline Replacement Project, offshore Brunei.
29 Jun 26
Brunei: TGS awarded exclusive rights for multi-client seismic projects offshore Brunei
TGS, a global provider of energy data and intelligence, has been awarded exclusive rights by the Petroleum Authority of Brunei Darussalam to undertake a multi-client 3D Seismic Survey in Brunei. This award encompasses the provision of new 3D seismic acquisition, processing and marketing in Brunei under a multi-client model.
10 Dec 25
Brunei: McDermott awarded EPCIC contract for natural gas development project offshore Brunei
McDermott as secured a subsea contract from PETRONAS Carigali Brunei for engineering, procurement, construction, installation and commissioning (EPCIC) of a natural gas development project offshore Brunei Darussalam. This development represents one of the country's most significant conventional gas projects.

Brunei - more news

Other countries in this region




A global information service for upstream oil and gas opportunities - divestitures, farmins and farmouts and licensing rounds.


Subscriber Only Deals

Current Deals

Current Upstream Deals: 195

Completed Deals

Completed Upstream Deals: 6640

Company Profiles

Current Company Profiles: 2933

Corporate Activity

Current Corporate Activity articles: 4197

Companies Looking

Current number of articles: 466

Company Sales

Current Company Sales articles:1674

Geostudies

Current Geostudies articles: 1003

How to subscribe

energy-pedia Jobs

RSS Feed Widget
See all jobs...


energy-pedia Databank

The energy-pedia databank contains links to information on the world financial and energy markets, including share prices, oil and gas prices and the global stock exchanges. Read more...



energy-pedia Glossary

A list of commonly used terms in the oil and gas industry. Read more...

Subscribe

Subscribe to the FREE
energy-pedia Daily Newsletter
Subscribe

OPC
Telos NRG
Borchwix
Bayphase
Merlin
Rose & Assocs
energy365
Syntillica
About energy-pedia

energy-pedia news is a FREE news service written and edited by E and P professionals for E and P professionals.

We don't just report the news, we give you the technical background as well, with additional information derived from our unique energy-pedia opportunities service.
Contact us

energy365 Ltd

238 High Street
London Colney
St Albans
UNITED KINGDOM

Tel: +44(0)1727 822675

Email: info@energy-pedia.com