Brunei Oil And Gas News
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Introduction
- Brunei is one of the highest per capita income countries in the Asia and the Pacific region owing mainly to its significant natural gas and oil resources. Brunei is currently Asia's third largest oil and gas producer.
- The revenue of the natural gas and oil sector accounts for about 70% of the country’s gross domestic product (GDP).
- Recently, the output of natural gas and oil decreased, which reflected the maturity of the country’s oilfields
- According to the BP statistical review, Brunei has 1.1 Billion barrels of oil reserves and 10.6 trillion cubic feet of natural gas reserves as of 2010. In the same year oil production was 172,000 bpd and 1.2 billion cubic feet per day of natural gas
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page revision: 2, last edited: 15 May 2012 18:55