Over the last decade, Brunei Darussalam has made substantial investments in the expansion of its downstream industries to diversify its product portfolio in the oil and gas value-chain. This trend is set to continue in the future, paving the way for growing demand for new skills and technology.
Brunei has set out a long-term vision for the country and eight strategic objectives have been set by the Department of Energy at the Prime Minister’s Office under their Strategic Plan 2020 – 2025 focusing on the growth and development of the country’s energy sector.
Brunei Darussalam continues to maximise the potential of its mature oil and gas fields, and undertake further exploration and development activities, as well as ensuring locals are highly educated and technically skilled to meet the industry needs. To sustain the country’s long term production, collaborative efforts between the Government and oil and gas operators are key towards materializing potential activities.
The oil and gas industry is the main contributor to the Country’s growth with 49.6% share of the country’s GDP in 2021.
Petroleum Authority of Brunei Darussalam is the regulatory body for the oil and gas industry in Brunei. Its long-term vision for the industry revolves around establishing a progressive and resilient industry that is perceptive to the ever-changing market, capable of enhancing the value created to secure the future of the country.
To attain this vision, the key strategic objectives set by the Department of Energy at the Prime Minister’s Office to propel forward are: