Challenges Faced by Brunei Energy Sector
Explore the history and current challenges faced by the oil and gas industry in Brunei, including issues with production, reserves, workforce, and environmental concerns. Discover the impact of systemic losses, shrinking reserves, and the need for skilled labor on Brunei's energy sector. Stay informed about the challenges of maintaining mature assets, expanding infrastructure, and supporting new business endeavors in the ever-evolving Brunei Energy Sector.
Download Presentation
Please find below an Image/Link to download the presentation.
The content on the website is provided AS IS for your information and personal use only. It may not be sold, licensed, or shared on other websites without obtaining consent from the author. If you encounter any issues during the download, it is possible that the publisher has removed the file from their server.
You are allowed to download the files provided on this website for personal or commercial use, subject to the condition that they are used lawfully. All files are the property of their respective owners.
The content on the website is provided AS IS for your information and personal use only. It may not be sold, licensed, or shared on other websites without obtaining consent from the author.
E N D
Presentation Transcript
History of Oil and Gas Industry in Brunei Roles of oil and gas companies in Brunei Upstream and Downstream business Challenges faced by the Brunei Energy Sector
Intro to Oil and Gas Industry Challenges in the Brunei Energy Sector
Challenges in Brunei Energy Sector Based on Brunei Annual Report (2012) published by Wildcat Publishing in Southeast Asia Guillaume Doane & Jack Miller: The Challenges in the Brunei Energy Sector are; Systemic losses in oil and gas production 1. Shrinking, dwindling oil and gas reserves 2. Issues on dealing with energy efficiency and conservation 3. Environmental issue and protection of rainforests 4. On top of the above, Brunei needs to find additional oil and gas resources to continue its very ambitious economic goals as part of Wawasan 2035 5. Inadequate supply of local skilled workforce. At present 18,000 unemployed youth (14,000 school leavers & 4,000 HND graduates and above) 6.
The Challenges Ahead . An Asset Built Over 80-Years Sabah 1971 Champion 1977 Magpie Iron Duke 1985 1982 Gannet 1971 Fairley 1959 Tali 1965 Gadong Berakas Jerudong Power Plant Ampa Sarawak 1972 BLNG 1955 Seria Cogen Power Plant Terminal Rasau 1929 Challenges: Maintaining mature assets Expanding a highly complex system Increasing availability Supporting new business Key: Negara Brunei Darussalam Oil Gas Offshore Onshore 1979Start year
The Challenges Ahead Price of Oil Why low? Supply is more than demand. As of Juy 2017
The Challenges Ahead Price of Oil Why Price of Oil is Low? In short: Supply is more than demand. Less Demand because: China s slowing economic growth (even though it s still high) More Supply because: Shale Oil revolution in the U.S More oil production from Iraq, Libya and possibly Iran when/if sanctions are lifted OPEC refusing to cut their production back
The Challenges Ahead Price of Oil Price as of July10th.
The Challenges Ahead Technological Evolution? As Saudi Arabia's Oil Minister Ali Al Naimi said in 2000, "The Stone Age did not end because of a lack of stones, nor will the Oil Age end because of a lack of oil. Rather, as stones were replaced by something superior, so too will oil be replaced with a superior energy kind." BP Energy Outlook
