The Petroleum Authority of Brunei Darussalam Act, Chapter 231 provides the establishment of Petroleum Authority (PA), a statutory body, acting as a central authority (regulator) to regulate and supervise the Upstream, Midstream & Downstream oil and gas operations in Brunei Darussalam.
The regulatory framework for petroleum activities is designed to give the best possible balance between the companies’ and the Government of Brunei’s interests. This is achieved through the PA Act. Chapter 231 and through the oversight of resource management.
Working with oil and gas operators and in cooperation with other authorities, we will ensure comprehensive assessment, reviewing and monitoring of the petroleum operational activities and program.
We set frameworks, stipulates regulations and makes decisions in areas where it has been delegated authority.
Promote development
Licensing and regulatory functions
Petroleum + petroleum products supply security
Protect public interest in respect of supply and use of petroleum and petroleum products
Monitor and regulate petroleum operations
Supervise regulatory function of petroleum data
Coordinate development and maintain efficient use of petroleum infrastructure
Advise the Government on national needs, policies and strategies including investments
Promote and maintain the security of petroleum supplies and resilience of petroleum sector
Act as a State Party (negotiate, conclude, make, implement, supervise and enforce a petroleum mining Agreement)
Issue or approve codes of practice, directives and guidelines
Acquire and hold property, to sell, lease, mortgage or dispose of such property
Make/enter into agreements to perform functions
Impose fees for advice, assistance or services
Take action to enforce requirements in a petroleum mining agreement
Grant financing, guarantee repayment of subsidiary or a company PA is a member in
Receive donations and contributions, raise funds