Central & SE Asia / Australasia
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
| 16 Oct 24 |
Brunei: Hibiscus Petroleum Completes Acquisition of TotalEnergies EP (Brunei) Hibiscus Petroleum has completed the acquisition of the equity interest in TotalEnergies EP (Brunei). With the completion of the acquisition, the Group is now operator and owner of a 37.5% interest in a well-established gas producing asset, Block B Maharajalela Jamalulalam ('MLJ') field, in Brunei Darussalam. |
| 14 Jun 24 |
Brunei: TotalEnergies sells its subsidiary in Brunei TotalEnergies has entered into an agreement to sell its wholly-owned subsidiary TotalEnergies EP (Brunei) to Hibiscus Petroleum, a Malaysian independent oil and gas exploration and production company, for a consideration of $259 million. TotalEnergies EP (Brunei) owns and operates a 37.5% interest in Block B, which contains the Maharaja Lela/Jamalulam (MLJ) field, which started producing in 1999. |
| 03 Jul 23 |
Brunei: Wood Group awarded contract extension worth approx. USD 250 million by Brunei Shell Petroleum Wood has been awarded a contract extension worth approx. $250 million by Brunei Shell Petroleum ('BSP'), Brunei's largest energy producer. The two-year extension will focus on the continued rejuvenation of BSP's offshore energy asset portfolio to maximise production capacity and efficiency. |
| 19 Jan 23 |
Brunei: Fugro awarded a contract for Brunei's deepwater gas field development Fugro has received a sizeable contract for the Kelidang Cluster gas field development project from Petronas Carigali Brunei. The Kelidang Cluster development consists of two fields, Keratau and Kelidang North-East located offshore Brunei Darussalam. |
| 24 Nov 22 |
Brunei: CGG wins multi-year extension of dedicated imaging center for Brunei Shell Petroleum CGG has been awarded a multi-year contract extension by Brunei Shell Petroleum Company (BSP) to continue operating a dedicated seismic imaging center at its head office in Seria, Brunei. |
Brunei - more news
Other countries in this region
- Australia,
- Bangladesh,
- Cambodia,
- China,
- Fiji,
- Hong Kong,
- India,
- Indonesia,
- Japan,
- Laos,
- Malaysia,
- Maldives,
- Mongolia,
- Myanmar,
- Nepal,
- New Zealand,
- North Korea,
- Pakistan,
- Palau,
- Papua New Guinea,
- Philippines,
- Singapore,
- South Korea,
- Sri Lanka,
- Taiwan,
- Thailand,
- Timor Leste,
- Vietnam
