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

07 Apr 20
Brunei: Total announces asset sales in Brunei, Sierra Leone and Liberia
In line with its strategy of actively managing its asset portfolio and its objective to divest USD5 billion in years 2019-2020, Total is pursuing the divestments of several non-core assets in both Exploration-Production (Brunei) and Marketing & Services (Sierra Leone and Liberia). These divestments represent a global value of more than USD400 million.
31 Mar 20
Brunei: Aker Solutions secures brownfield services contract in Brunei
Aker Solutions has signed a five-year agreement to provide offshore maintenance and modification services to Brunei Shell Petroleum. Scope of work covers maintenance and upgrades to maintain production levels for more than 200 offshore assets.
08 Dec 19
Brunei: Fugro performs first deepwater AUV and geotechnical site survey for Brunei Shell Petroleum
Fugro has successfully completed the first deepwater autonomous underwater vehicle (AUV) site survey for Brunei Shell Petroleum Company.
30 Oct 19
Brunei: Total sells its interest in offshore Block CA1 to Shell
Total has signed an agreement to sell wholly owned subsidiary Total E&P Deep Offshore Borneo - which holds an 86.95 percent interest in Block CA1, located 100 kms off the coast of Brunei - to Shell for USD300 million.
25 Jun 18
Brunei: Maersk Drilling extends contract with Brunei Shell Petroleum by 2.5 years
Maersk Drilling has been awarded a contract extension for the jack-up rig Maersk Convincer by Brunei Shell Petroleum (BSP). Maersk Drilling has been working with BSP continuously since 2007 with the Maersk Completer and the Maersk Convincer.

Brunei - more news

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