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Survey of Energy Resources 2007

Natural Gas Country Notes

Brunei

Proved recoverable reserves (bcm)

340

Production (net bcm, 2005)

11.5

   R/P ratio (years)

28.8


Natural gas was found in association with oil at Seria and other fields in Brunei. For many years this resource was virtually unexploited, but in the 1960s a realisation of the resource potential, coupled with the availability of new technology for producing and transporting liquefied natural gas, enabled a major gas export scheme to be devised. Since 1972 Brunei has been exporting LNG to Japan, and more recently to the Korean Republic. Occasional spot sales have been made to other destinations.

Despite annual exports approaching 10 bcm, Brunei's proved reserves as published by Oil & Gas Journal have remained virtually steady at just under 400 bcm since 1992. For the purpose of the present Survey, the somewhat lower level of 340 bcm quoted by Cedigaz, World Oil and BP has been adopted.

Nearly 80% of Brunei's marketed production is exported, the balance being mostly used in the liquefaction plant, local power stations and offshore oil and gas installations. Small quantities are used for residential purposes in Seria and Kuala Belait.