BUSINESSOPPORTUNITIES:
OIL&GAS SERVICES
1.Brunei’soil andgas fields produceapproximately159,000barrelsof oil per day
(bbl/day) and1,230MMscf/dayof natural gas.
2.Newoil extraction technology and the currentmarket priceof oil havemade
extractingoil frommature fields economically viable.
3. The target is togrowproduction from400,000BOEPD in2010 toabout 430,000
BOEPDby2017. Under theBrunei Vision (Wawasan) 2035, the industry is set to
increase toB$45billion (USD36.1billion) per year andaims to increaseproduction
to800,000bbl/day and tomore than650,000BOEPDby2035.
