Brunei boasts of exporting about 200,000 barrels of oil on a daily basis. The country is considered to be one of the largest producers of liquefied natural gas in the global energy market. Its location near the South China Sea connecting it to the Pacific and Indian Ocean has made the country energy rich.
Energy in Brunei consists of oil, natural gas and electricity energy.
The oil reserves in Brunei consist of 1.4 billion barrels of oil. In 1979, Brunei made a record in oil production by producing 240,000 bbl\d. It has many offshore fields, which includes Champion, South-West Ampa, Magpie, Gannet and others which accounts for a huge production of oil. Seria Field in Brunei is a giant producer of oil energy in Brunei.
Presently, BLNG produces more than 6.7 million tons liquefied natural gas annually. The Brunei LNG along with Mitsubishi, Shell and the government of Brunei produces liquefied natural gas which in turn earns a lot of revenue for the country. Proposals have been made in developing petrochemical industries and other Brunei energy-intensive industries.
Following are few statistics regarding the
energy in Brunei:
| Year |
1995 |
1996 |
| Energy Production |
18,899 |
18,640 |
| Consumption of Energy |
2,306 |
2,321 |
| Electricity Production |
1,560 |
1,575 |
| Natural Gas Production |
415,400 |
416,800 |
| Crude Oil Production |
8,470 |
8,242 |
