1 2
1.1 List of Tables 7
1.2 List of Figures 8
2 Brunei Darussalam, Energy Overview 9
2.1 Brunei Darussalam Energy Sector, Market Overview 9
2.2 Brunei Darussalam, Crude Oil 10
2.2.1 Brunei Darussalam Crude Oil, Overview 10
2.2.2 Brunei Darussalam Crude Oil, Supply and Demand Balance 10
2.2.3 Brunei Darussalam Crude Oil, Regulatory Structure 16
2.2.4 Brunei Darussalam Crude Oil, Infrastructure 16
3 Brunei Darussalam Oil Upstream Investment Environment Benchmarking 18
3.1 Introduction 18
3.2 The Overall Ranking 18
3.3 Upstream Fiscal Attractiveness 18
3.3.1 Maximum Government Take Index 20
3.3.2 Maximum State Participation 20
3.4 Oil Sector Performance 20
3.4.1 Exploration Activity 22
3.4.2 Oil Production 23
3.4.3 Oil Reserves 23
3.4.4 Oil Consumption 23
3.4.5 Refining Industry 24
3.5 Economic Performance 24
3.5.1 GDP Growth Index 26
3.5.2 FDI Confidence Index 26
3.5.3 Balance of Trade Index 26
3.6 Socio-Political Performance 26
3.6.1 Democracy Index 28
3.6.2 Governance Index 28
4 Brunei Darussalam Exploration and Production Sector 29
4.1 Brunei Darussalam Exploration and Production Sector, Country Snapshot 29
4.1.1 Brunei Darussalam Exploration and Production Sector, Key Data 29
4.1.2 Brunei Darussalam Exploration and Production Sector, Crude Oil Assets Map
29
4.2 Brunei Darussalam Exploration and Production Sector, Gross Crude Oil
Production 30
4.2.1 Brunei Darussalam Exploration and Production Sector, Total Gross Crude Oil
Production 30
4.2.2 Brunei Darussalam Exploration and Production Sector, Gross Crude Oil
Production by Type 31
4.2.3 Brunei Darussalam Exploration and Production Sector, Gross Crude Oil
Production by Assets 32
4.2.4 Brunei Darussalam Exploration and Production Sector, Gross Equity Weighted
Crude Oil Production by Company 32
4.2.5 Brunei Darussalam Exploration and Production Sector, Market Share of Key
Companies Based on Gross Equity Weighted Crude Oil Production 33
4.3 Brunei Darussalam Exploration and Production Sector, Gross Crude Oil
Forecasts 35
4.3.1 Brunei Darussalam Exploration and Production Sector, Gross Crude Oil
Forecasted Production 35
4.4 Brunei Darussalam Exploration And Production Sector, Crude Oil Asset Details
35
4.4.1 Brunei Darussalam Exploration And Production Sector, Active Crude Oil
Asset Details 35
4.5 Brunei Darussalam Exploration And Production Sector, Major Oil Discoveries
36
4.5.1 Brunei Darussalam Exploration And Production Sector, Number of Oil
Discoveries, 2005-2010 36
4.5.2 Brunei Darussalam Exploration And Production Sector, Oil Discovery Details
37
4.6 Brunei Darussalam Exploration And Production Sector, Recent Discoveries 37
4.6.1 Mar 14, 2011: Brunei Shell Petroleum Announces Oil New Discovery 37
4.6.2 Mar 04, 2011: AED Oil Identifies Gas Shows In Blue Zone At Lempuyang-1
Well, Brunei 37
4.7 Brunei Darussalam Exploration And Production Sector, Drilling and Production
Updates 38
4.7.1 Apr 07, 2011: Kulczyk Oil Completes Tests On Lempuyang-1 Well In Block L,
Brunei 38
4.7.2 Oct 18, 2010: Tap Oil Updates On Markisa-1 Well In Block M, Brunei
Darussalam 39
4.7.3 Oct 07, 2010: Kulczyk Oil Updates On Markisa-1 Exploration Well In Block
M, Onshore Brunei Darussalam 39
4.7.4 Oct 01, 2010: Tap Oil Updates On Markisa-1 Well In Block M, Brunei
Darussalam 40
4.7.5 Sep 29, 2010: AED Oil Updates On Lempuyang-1 Exploration Well In Block L,
Brunei 40
5 Brunei Darussalam Pipeline Sector 41
5.1 Brunei Darussalam Pipeline Sector, Key Data 41
5.2 Brunei Darussalam Pipeline Sector, An Overview 41
5.3 Brunei Darussalam Pipeline Sector, Comparison of Key Crude Oil Pipeline
Companies 41
5.4 Brunei Darussalam Pipeline Sector, Crude Oil Pipelines 43
6 Brunei Darussalam Refining Sector 44
6.1 Brunei Darussalam Refining Sector, Key Data 44
6.2 Brunei Darussalam Refining Sector, An Overview 44
6.2.1 Brunei Darussalam Refining Sector, Total Refining Capacity 44
6.3 Brunei Darussalam Refining Sector, Market Shares by Company 45
6.4 Brunei Darussalam Refining Sector, Crude Distillation Unit Capacity 46
7 Profile of Royal Dutch Shell plc 47
7.1 Royal Dutch Shell plc, Key Information 47
7.2 Royal Dutch Shell plc, Company Overview 47
7.3 Royal Dutch Shell plc, Business Description 47
7.3.1 Business Overview 47
7.3.2 Corporate 48
7.3.3 Downstream 48
7.3.4 Upstream 49
7.4 Royal Dutch Shell plc, SWOT Analysis 50
7.4.1 Overview 50
7.4.2 Royal Dutch Shell plc Strengths 51
7.4.3 Royal Dutch Shell plc Weaknesses 52
7.4.4 Royal Dutch Shell plc Opportunities 53
7.4.5 Royal Dutch Shell plc Threats 54
8 Profile of TOTAL S.A. 56
8.1 TOTAL S.A., Key Information 56
8.2 TOTAL S.A., Company Overview 56
8.3 TOTAL S.A., Business Description 56
8.3.1 Business Overview 56
8.3.2 Chemicals 57
8.3.3 Downstream 57
8.3.4 Upstream 58
8.4 TOTAL S.A., SWOT Analysis 60
8.4.1 Overview 60
8.4.2 TOTAL S.A. Strengths 60
8.4.3 TOTAL S.A. Weaknesses 62
8.4.4 TOTAL S.A. Opportunities 62
8.4.5 TOTAL S.A. Threats 63
9 Profile of Brunei LNG Sendirian Berhad 65
9.1 Brunei LNG Sendirian Berhad, Key Information 65
9.2 Brunei LNG Sendirian Berhad, Company Overview 65
9.3 Brunei LNG Sendirian Berhad, Business Description 65
9.3.1 Business Overview 65
9.3.2 LNG 66
9.4 Brunei LNG Sendirian Berhad, SWOT Analysis 67
9.4.1 Overview 67
9.4.2 Brunei LNG Sendirian Berhad Strengths 67
9.4.3 Brunei LNG Sendirian Berhad Weaknesses 68
9.4.4 Brunei LNG Sendirian Berhad Opportunities 69
9.4.5 Brunei LNG Sendirian Berhad Threats 69
10 Financial Deals Landscape 71
10.1 Detailed Deal Summary 71
10.1.1 Partnerships 71
10.1.2 Asset Transactions 72
11 Recent Developments 74
11.1 Strategy and Business Expansion 74
11.1.1 Sep 22, 2010: Petronas, Brunei To Jointly Develop Exploration Blocks Off
Borneo Island 74
11.2 Other Significant Developments 74
11.2.1 Jun23, 2011: CGGVeritas Announces Completion Of BroadSeis Survey For BSP
74
11.2.2 Apr 01, 2011: Kulczyk Oil Updates On Block L In Brunei 74
11.2.3 Mar 17, 2011: AED Oil Provides Lempuyang-1 Testing Update 75
11.2.4 Feb 18, 2011: AED Oil Announces Testing Update At Lempuyang-1 Well In
Block L, Brunei 75
11.2.5 Feb 09, 2011: Kulczyk Oil Commits To Phase 2 Exploration Program At Block
M In Brunei 75
11.2.6 Feb 07, 2011: Kulczyk Oil Provides Testing Results Of Lempuyang-1 Well In
Block L, Brunei 76
11.2.7 Feb 02, 2011: AED Oil Provides Lempuyang-1 Testing Update 77
11.2.8 Jan 28, 2011: AED Oil Updates On Lempuyang-1 Exploration Well In Block L,
Brunei 77
11.2.9 Jan 18, 2011: AED Oil Updates On Lempuyang-1 And Lukut-1 Wells In Brunei
77
11.2.10 Jan 07, 2011: AED Oil Provides Test Program Update On Lempuyang-1 And
Lukut-1 Wells In Brunei 77
11.2.11 Dec 02, 2010: AED Oil To Commence Test Program On Lempuyang-1 And
Lukut-1 Wells In Brunei 78
11.3 New Contracts Announcements 78
11.3.1 Apr 21, 2011: Ensco Announces Contract With Total For ENSCO 8504
Ultra-Deepwater Semisubmersible Rig 78
11.3.2 Nov 23, 2010: Seadrill Secures Contract Extension For West Pelaut 79
12 Appendix 80
12.1 Abbreviations 80
12.2 Methodology 80
12.2.1 Coverage 80
12.2.2 Secondary Research 81
12.2.3 Primary Research 81
12.2.4 Expert Panel Validation 81
12.3 Contact Us 82
12.4 Disclaimer 82
1.1 List of Tables
Table 1: Brunei Darussalam, Historic and Forecast Production and Consumption of
Crude Oil, Thousand Barrels per Day, 2000-2020 11
Table 2: Brunei Darussalam, Historic and Forecast Export of Crude Oil, Thousand
Barrels per Day, 2000-2020 13
Table 3: Brunei Darussalam, Historic and Forecast Reserves of Crude Oil, Million
Barrels, 2000-2010 15
Table 4: Asia Pacific, Investment Benchmarking, Overall Country Rankings, Jun
2011 18
Table 5: Asia Pacific, Investment Benchmarking, Upstream Fiscal Attractiveness,
Jun 2011 19
Table 6: Asia Pacific, Investment Benchmarking, Oil Sector Performance, Jun 2011
20
Table 7: Asia Pacific, Investment Benchmarking, Economic Performance, Jun 2011
24
Table 8: Asia Pacific, Country Standings, Economic Performance, Jun 2011 25
Table 9: Asia Pacific, Investment Benchmarking, Socio-Political Performance, Jun
2011 27
Table 10: Asia Pacific, Country Standings, Socio-Political Performance, June
2011 27
Table 11: Brunei Darussalam, Crude Oil Key Statistics, 2010 29
Table 12: Brunei Darussalam, Total Gross Crude Oil Production (MMBBLs), 2003-
2010 30
Table 13: Brunei Darussalam, Total Gross Crude Oil Production (MMBBLs) by Type,
2003-2010 31
Table 14: Brunei Darussalam, Gross Crude Oil Production (MMBBLs), by Assets,
2003- 2010 32
Table 15: Brunei Darussalam, Gross Equity Weighted Crude Oil Production (MMBBLs),
by Company, 2003-2010 32
Table 16: Brunei Darussalam, Market Share (%) of Companies based on Gross Equity
Weighted Crude Oil Production, 2003-2010 33
Table 17: Brunei Darussalam, Gross Crude Oil Production (MMBBLs), Forecast by
Assets, 2011- 2015 35
Table 18: Brunei Darussalam, Active Oil Field Asset Details 35
Table 19: Brunei Darussalam, Number of Oil Discoveries, 2005-2010 36
Table 20: Brunei Darussalam, Oil Discovery Details, 2005-2010 37
Table 21: Brunei Darussalam, Pipeline Key Statistics, Jun 2011 41
Table 22: Brunei Darussalam, Crude Oil Pipeline Length by Company (Km), Jun 2011
41
Table 23: Brunei Darussalam, Crude Oil Pipelines, Jun 2011 43
Table 24: Brunei Darussalam, Refinery Key Statistics, Jun 2011 44
Table 25: Brunei Darussalam, Total Refining Capacity (MMTPA), 2000- 2015 44
Table 26: Brunei Darussalam, Refining Capacity by Company (MMTPA), 2000- 2015 45
Table 27: Brunei Darussalam, Crude Distillation Unit Capacity (MMTPA), 2000-
2015 46
Table 28: Royal Dutch Shell plc, Key Facts 47
Table 29: Royal Dutch Shell plc, SWOT Analysis 51
Table 30: TOTAL S.A., Key Facts 56
Table 31: TOTAL S.A., SWOT Analysis 60
Table 32: Brunei LNG Sendirian Berhad, Key Facts 65
Table 33: Brunei LNG Sendirian Berhad, SWOT Analysis 67
Table 34: Bionersis Enters Into Partnership With E.ON Climate & Renewables 71
Table 35: Murphy Oil To Acquire 30% Interest In Block CA-2 From Brunei National
Petroleum 72
Table 36: AED Oil Acquires 50% Interest In Block L Oil And Gas Permit In Brunei
73
1.2 List of Figures
Figure 1: Brunei Darussalam, Energy Consumption Split By Fuel Type (%), 2010 9
Figure 2: Brunei Darussalam, Crude Oil Production And Consumption, Thousand
Barrels Per Day, 2000-2020 12
Figure 3: Brunei Darussalam, Crude Oil Exports, Thousand Barrels Per Day,
2000-2020 14
Figure 4: Brunei Darussalam, Crude Oil Reserves, Million Barrels, 2000-2010 16
Figure 5: Asia Pacific, Country Standings, Upstream Fiscal Attractiveness, Jun
2011 19
Figure 6: Asia Pacific, Country Standings, Oil Sector Performance by
Reserves-Exploration & Production, Jun 2011 21
Figure 7: Asia Pacific, Country Standings, Oil Sector Performance by
Production-Consumption & Refining, Jun 2011 22
Figure 8: Asia Pacific, Country Standings, Number Of Exploration Blocks Awarded,
Jun 2011 23
Figure 9: Asia Pacific, Country Standings, Economic Performance, Jun 2011 25
Figure 10: Asia Pacific, Country Standings, Socio-Political Performance, Jun
2011 28
Figure 11: Brunei Darussalam, Crude Oil Assets Map, Jun 2011 29
Figure 12: Brunei Darussalam, Total Gross Crude Oil Production (MMBBLs),
2003-2010 30
Figure 13: Brunei Darussalam, Total Gross Crude Oil Production (MMBBLs) by Type,
2003-2010 31
Figure 14: Brunei Darussalam, Gross Equity Weighted Crude Oil Production by
Company (MMBBLs), 2003-2010 33
Figure 15: Brunei Darussalam, Market Share (%) of Key Companies based on Gross
Equity Weighted Crude Oil Production, 2010 34
Figure 16: Brunei Darussalam, Number of Oil Discoveries, 2005-2010 36
Figure 17: Brunei Darussalam, Crude Oil Pipeline Length by Company (Km), Jun
2011 42
Figure 18: Brunei Darussalam, Total Refining Capacity (MMTPA), 2000- 2015 45
Figure 19: Brunei Darussalam Refining Sector, Market Shares (%) by Key
Companies, 2010 46
Companies Mentioned
Royal Dutch Shell plc
TOTAL S.A.
Brunei LNG Sendirian Berhad
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