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

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.
16 Nov 20
Brunei: Maersk Drilling secures one-well contract extension for drillship Maersk Viking
Brunei Shell Petroleum Company has exercised the option to add exploration drilling of one deepwater well to the work scope of the 7th generation drillship Maersk Viking.
11 Nov 20
Brunei: Maersk Drilling awarded one-well exploration contract for Maersk Viking in Brunei Darussalam
Maersk Drilling has secured a contract from Brunei Shell Petroleum Company for the 7th generation drillship Maersk Viking to drill one deepwater exploration well offshore Brunei Darussalam.

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: 234

Completed Deals

Completed Upstream Deals: 6571

Company Profiles

Current Company Profiles: 2912

Corporate Activity

Current Corporate Activity articles: 4149

Companies Looking

Current number of articles: 466

Company Sales

Current Company Sales articles:1658

Geostudies

Current Geostudies articles: 968

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

Rose & Assocs
Union Jack Oil 149
Syntillica
energy365
Bayphase
Borchwix
Telos NRG
Government of South Australia
OPC
Merlin
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