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Borneo Bulletin Yearbook 2023
BRUNEI SHELL
PETROLEUM
By far the largest oil and gas producer
in the country, Brunei Shell Petroleum
Company Sdn Bhd (BSP) has been a
major contributor to Brunei’s economic
growth since the discovery of the
Seria field in 1929. BSP’s core activities
include exploring for, and producing,
oil and gas from onshore and offshore
fields for domestic use and export to
international markets.
BSP supplies 350,000 barrels of oil and
gas equivalent every day to countries
such as Japan, Korea, Indonesia,
Australia and numerous others around
the world. It operates an extensive
and complex infrastructure on land
and offshore, with over 200 offshore
structures linked by over 5,000
kilometres of pipelines, recovering oil
and gas from over 4,500 individual
reservoirs produced through more
than 800 wells.
With the support of its shareholders,
BSP aims to continue powering Brunei’s
future for generations to come. BSP
has signed several key commercial
agreements such as to supply natural
gas to Brunei Fertilizer Industries Sdn
Bhd (BFI) plant and to provide crude oil
to Hengyi refinery.
These
partnerships
will
further
strengthen BSP’s commercial portfolio
and its reputation as a reliable oil and
gas supplier within the region and
beyond.
BSP also highlights its efforts towards
actively increasing its portfolio through
active exploration including onshore
and offshore drilling activities. BSP has
also expanded its offshore exploration
activities by embarking on deepwater
projects. With state-of-the-art seismic
acquisition, BSP has been able to
explore more opportunities and pursue
growth, supported by a diverse and
highly qualified skill pool.
As part of its contribution towards
Brunei’s efforts of becoming a low-
carbon nation, the BSP Flagship Solar
PV Plant was launched in 2021. The
solar power generated is equivalent
to the electricity consumption of
approximately 600 households per
year.
The plant signifies BSP’s strong
commitment
to
pursue
energy
diversification and decarbonisation,
as well as supporting the country’s
target of increasing the total share of
renewable energy to at least 30 per
cent of total power generation capacity
by 2035.