Overview:

This profile is the essential source for top-level energy industry data and information. The report provides an overview of each of the key sub-segments of the energy industry in Brunei Darussalam. It details the market structure, regulatory environment, infrastructure and provides historical and forecasted statistics relating to the supply/demand balance for each of the key sub-segments. It also provides information relating to the natural gas assets (gas fields, LNG terminals, pipelines and underground gas storage terminals) in Brunei Darussalam. The report also analyses the fiscal regime relevant to the natural gas assets in Brunei Darussalam and compares the investment environment in Brunei Darussalam with other countries in the region. The profiles of the major companies operating in the natural gas sector in Brunei Darussalam together with the latest news and deals are also included in the report.

Scope

- Historic and forecast data relating to production, consumption, imports, exports and reserves are provided for each industry sub-segment for the period 1996-2020.
- Historical and forecast data and information for all the major gas fields, LNG Terminals, pipelines and underground gas storage terminals in Brunei Darussalam for the period 2000-2013.
- Operator and equity details for major natural gas assets in Brunei Darussalam.
- Key information relating to market regulations, key energy assets and the key companies operating in the Brunei Darussalam’s energy industry.
- Detailed information on key fiscal terms (such as rents, bonuses, royalty, cost recovery and corporate taxes) pertaining the geography is also provided. A sample calculation detailing how fiscal terms apply to a typical asset in the regime is included.
- Information on the top companies in the Brunei Darussalam including business description, strategic analysis, and financial information.
- Product and brand updates, strategy changes, R&D projects, corporate expansions and contractions and regulatory changes.
- Key mergers and acquisitions, partnerships, private equity and venture capital investments, and IPOs.

Reasons to buy

- Gain a strong understanding of the country’s energy market.
- Facilitate market analysis and forecasting of future industry trends.
- Evaluate the attractiveness of the geography for gas investment in the light of government policies and the fiscal environment.
- Facilitate decision making on the basis of strong historic and forecast production, reserves and capacity data.
- Understand the geography’s policies and fiscal terms, and their impact on contractor’s profits from upstream gas assets.
- Assess your competitor’s major natural gas assets and their performance.
- Analyze the latest news and financial deals in the gas sector of each country.
- Develop strategies based on the latest operational, financial, and regulatory events.
- Do deals with an understanding of how competitors are financed, and the mergers and partnerships that have shaped the market.
- Identify and analyze the strengths and weaknesses of the leading companies in the country.

Companies Mentioned
 

TOTAL S.A.
Royal Dutch Shell plc
Brunei LNG Sendirian Berhad

1 Table of Contents 2
1.1 List of Tables 8
1.2 List of Figures 9
2 Brunei Darussalam, Energy Overview 10
2.1 Brunei Darussalam Energy Sector, Market Overview 10
2.2 Brunei Darussalam Energy Sector, Natural Gas 11
2.2.1 Brunei Darussalam Natural Gas, Overview 11
2.2.2 Brunei Darussalam Natural Gas, Supply and Demand Balance 11
2.2.3 Brunei Darussalam Natural Gas, Regulatory Structure 17
2.2.4 Brunei Darussalam Natural Gas, Infrastructure 17
3 Brunie Darussalam Fiscal Regime 19
3.1 Brunei Petroleum Fiscal Environment 19
3.1.1 Governing Law 19
3.1.2 Licensing Authority 19
3.1.3 State Participation 19
3.2 License Terms 19
3.2.1 Exploration License (EL) Duration 19
3.2.2 Relinquishment during Exploration 19
3.2.3 Exploration obligation 19
3.2.4 Production Rights, Area & Duration 19
3.3 Key Fiscal Terms 19
3.3.1 Royalty 19
3.3.2 Cost Recovery 20
3.3.3 Profit Sharing 20
3.3.4 Taxation 20
3.3.5 Deductions and Depreciation 20
3.3.6 Withholding Tax 20
3.3.7 Ring Fence 20
3.3.8 Domestic Market Obligation 20
3.4 Brunei, Fiscal System - Economic Modeling Methodology 21
3.4.1 Economic Modeling Methodology 22
3.5 Brunei, Fiscal System - Sample Economics 23
3.6 Brunei, Fiscal System - Sample Asset Valuation 25
4 Brunei Darussalam Gas Upstream Investment Environment Benchmarking 26
4.1 Introduction 26
4.2 The Overall Ranking 26
4.3 Upstream Fiscal Attractiveness 26
4.3.1 Maximum Government Take Index 28
4.3.2 Maximum State Participation 28
4.4 Gas Sector Performance 28
4.4.1 Exploration Activity 30
4.4.2 Gas Production 31
4.4.3 Gas Reserves 31
4.4.4 Gas Consumption 31
4.5 Economic Performance 32
4.5.1 GDP Growth Index 33
4.5.2 FDI Confidence Index 33
4.5.3 Balance of Trade Index 34
4.6 Socio-Political Performance 34
4.6.1 Democracy Index 35
4.6.2 Governance Index 36
5 Brunei Darussalam Exploration and Production Sector 37
5.1 Brunei Darussalam Exploration and Production Sector, Country Snapshot 37
5.1.1 Brunei Darussalam Exploration and Production Sector, Key Data 37
5.1.2 Brunei Darussalam Exploration and Production Sector, Natural Gas Assets Map 37
5.2 Brunei Darussalam Exploration and Production Sector, Marketed Natural Gas Production 38
5.2.1 Brunei Darussalam Exploration and Production Sector, Marketed Natural Gas-Historical Production 38
5.2.2 Brunei Darussalam Exploration and Production Sector, Marketed Natural Gas Production by Type 39
5.2.3 Brunei Darussalam Exploration and Production Sector, Marketed Natural Gas Production by Assets 40
5.2.4 Brunei Darussalam Exploration and Production Sector, Marketed Equity Weighted Natural Gas Production by Company 40
5.2.5 Brunei Darussalam Exploration and Production Sector, Market Share based on Marketed Equity Weighted Natural Gas Production 41
5.3 Brunei Darussalam Exploration and Production Sector, Marketed Natural Gas Forecasts 42
5.3.1 Brunei Darussalam Exploration and Production Sector, Marketed Natural Gas Forecasted Production 42
5.3.2 Brunei Darussalam Exploration and Production Sector, Gross Revenue Forecast 43
5.3.3 Brunei Darussalam Exploration and Production Sector, Government Take Forecast 43
5.3.4 Brunei Darussalam Exploration and Production Sector, Contractor Take Forecast 43
5.4 Brunei Darussalam Exploration And Production Sector, Natural Gas Asset Details 44
5.4.1 Brunei Darussalam Exploration And Production Sector, Active Natural Gas Asset Details 44
5.5 Brunei Darussalam Exploration And Production Sector, Major Gas Discoveries 44
5.5.1 Brunei Darussalam Exploration And Production Sector, Number of Gas Discoveries, 2004- 2009 44
5.5.2 Brunei Darussalam Exploration And Production Sector, Gas Discovery Details 45
5.6 Brunei Darussalam Exploration And Production Sector, Recent Discoveries 45
5.6.1 Nov 03, 2008: Total Announces New Gas Discovery In ML-4 Well At Block B, Offshore Brunei 45
5.7 Brunei Darussalam Exploration And Production Sector, Drilling and Production Updates 46
5.7.1 Jun 08, 2010: AED Oil Provides Brunei Operations Update 46
5.7.2 Jun 02, 2010: AED Oil Intersects Possible Reserves At Lukut-1 Exploration Well In Block L, Brunei 47
5.7.3 May 18, 2010: AED Oil Updates On Lukut-1 Exploration Well In Block L, Brunei 47
5.7.4 May 11, 2010: AED Oil Updates On Lukut -1 Exploration Well In Brunei 47
5.7.5 May 03, 2010: Kulczyk Oil Starts Drilling Lukut-1 In Block L, Brunei Darussalam 48
5.7.6 Dec 28, 2009: AED Oil Plans Drilling Programme In Brunei 48
5.7.7 Nov 03, 2009: Hess To Boost Its Southeast Asia Natural Gas Output To 100,000 Boepd Within Next Five Years 49
6 Brunei Darussalam Pipeline Sector 50
6.1 Brunei Darussalam Pipeline Sector, Key Data 50
6.2 Brunei Darussalam Pipeline Sector, An Overview 50
6.3 Brunei Darussalam Pipeline Sector, Comparision of Key Natural Gas Pipeline Companies 50
6.4 Brunei Darussalam Pipeline Sector, Natural Gas Pipelines 52
7 Brunei Darussalam LNG Sector 53
7.1 Brunei Darussalam LNG Sector, Key Data 53
7.2 Brunei Darussalam LNG Sector, Liquefaction 53
7.2.1 Brunei Darussalam LNG Sector, Liquefaction, Total Liquefaction Capacity 53
7.2.2 Brunei Darussalam LNG Gas Sector, Capacity- Wise Market Share By Company 54
7.2.3 Brunei Darussalam LNG Sector, Liquefaction Capacity by Terminal 55
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 58
8.3.4 Upstream 59
8.4 TOTAL S.A., SWOT Analysis 61
8.4.1 Overview 61
8.4.2 TOTAL S.A. Strengths 61
8.4.3 TOTAL S.A. Weaknesses 63
8.4.4 TOTAL S.A. Opportunities 63
8.4.5 TOTAL S.A. Threats 65
9 Profile of Royal Dutch Shell plc 67
9.1 Royal Dutch Shell plc, Key Information 67
9.2 Royal Dutch Shell plc, Company Overview 67
9.3 Royal Dutch Shell plc, Business Description 67
9.3.1 Business Overview 67
9.3.2 Corporate 68
9.3.3 Downstream 68
9.3.4 Upstream 70
9.4 Royal Dutch Shell plc, WOT Analysis 72
9.4.1 Overview 72
9.4.2 Royal Dutch Shell plc Strengths 72
9.4.3 Royal Dutch Shell plc Weaknesses 74
9.4.4 Royal Dutch Shell plc Opportunities 75
9.4.5 Royal Dutch Shell plc Threats 76
10 Profile of Brunei LNG Sendirian Berhad 78
10.1 Brunei LNG Sendirian Berhad, Key Information 78
10.2 Brunei LNG Sendirian Berhad, Company Overview 78
10.3 Brunei LNG Sendirian Berhad, Business Description 78
10.3.1 Business Overview 78
10.3.2 LNG 79
10.4 Brunei LNG Sendirian Berhad, SWOT Analysis 80
10.4.1 Overview 80
10.4.2 Brunei LNG Sendirian Berhad Strengths 80
10.4.3 Brunei LNG Sendirian Berhad Weaknesses 81
10.4.4 Brunei LNG Sendirian Berhad Opportunities 82
10.4.5 Brunei LNG Sendirian Berhad Threats 83
11 Financial Deals Landscape 84
11.1 Detailed Deal Summary 84
11.1.1 Asset Transactions 84
12 Recent Developments 85
12.1 Other Significant Developments 85
12.1.1 May 01, 2010: Petronas, Brunei In Talks To Develop Oil Blocks 85
12.1.2 Apr 01, 2010: Brunei Considers Usage Of New Oil Recovery Technique 85
12.1.3 Jan 28, 2010: Kulczyk Oil Provides Operations Update 86
12.1.4 Sep 01, 2009: Tap Oil Completes Acquisition Of 2D And 3D Seismic Surveys In Block M, Onshore Brunei Darussalam 88
12.1.5 Aug 07, 2009: Malaysia Seeks Joint Oil Exploration With Brunei 89
12.1.6 Jul 13, 2009: Brunei Shell Petroleum’s Bugan To Deliver First Oil In September 2009 89
12.1.7 Jun 09, 2009: Kulczyk Oil Provides Operations Update 91
12.1.8 Mar 13, 2009: Malaysia And Brunei To Sign Agreement On Maritime Border Dispute, Energy Cooperation 92
12.2 New Contracts Announcements 92
12.2.1 Jan 16, 2009: Yokogawa Receives Control System Orders For LNG Carriers In Australia And Brunei 92
12.2.2 Jan 14, 2009: Yokogawa Receives Two Control System Orders For LNG Carriers In Australia And Brunei 94
13 Appendix 95
13.1 Methodology 95
13.1.1 Coverage 96
13.1.2 Secondary Research 97
13.1.3 Primary Research 97
13.1.4 E&P Forecasts 97
13.1.5 Midstream Forecasts 99
13.1.6 Expert Panel Validation 99
13.2 Contact Us 99
13.3 About GlobalData 100
13.4 Disclaimer 100

1.1 List of Tables
Table 1: Brunei Darussalam, Historic and Forecast Production and Consumption of Natural Gas, 1996-2020 12
Table 2: Brunei Darussalam, Historic and Forecast Export of Natural Gas, 1996-2020 14
Table 3: Brunei Darussalam, Historic and Forecast Reserves of Natural Gas, 1996-2009 16
Table 4: Brunei, Remaining NPV, Sensitivity to Discount Rates 25
Table 5: Asia Pacific, Investment Benchmarking, Overall Country Rankings, July 2010 26
Table 6: Asia Pacific, Investment Benchmarking, Upstream Fiscal Attractiveness, July 2010 27
Table 7: Asia Pacific, Investment Benchmarking, Gas Sector Performance, July 2010 29
Table 8: Asia Pacific, Investment Benchmarking, Economic Performance, July 2010 32
Table 9: Asia Pacific, Country Standings, Economic Performance, July 2010 32
Table 10: Asia Pacific, Investment Benchmarking, Socio-Political Performance, July 2010 34
Table 11: Asia Pacific, Country Standings, Socio-Political Performance, July 2010 35
Table 12: Brunei Darussalam, Natural Gas Key Statistics, 2009 37
Table 13: Brunei Darussalam, Total Marketed Natural Gas Production (MMcf), 2002- 2009 38
Table 14: Brunei Darussalam, Marketed Natural Gas Production by Type (MMcf), 2002- 2009 39
Table 15: Brunei Darussalam, Marketed Natural Gas Production (MMcf), by Assets, 2002- 2009 40
Table 16: Brunei Darussalam, Marketed Equity Weighted Natural Gas Production (MMcf), by Company, 2002- 2009 40
Table 17: Brunei Darussalam, Market Share (%) based on Marketed Equity Weighted Natural Gas Production, 2002-2009 41
Table 18: Brunei Darussalam, Marketed Natural Gas Production (MMcf), Forecast by Major Assets, 2010-2015 42
Table 19: Brunei Darussalam, Forecasted Major Assets-wise Gross Revenue (000'$), 2010-2015 43
Table 20: Brunei Darussalam, Projected Major Assets-wise Total Government Take (000'$), 2010-2015 43
Table 21: Brunei Darussalam, Projected Major Assets-wise Total Contractor Take(000’$), 2010-2015 43
Table 22: Brunei Darussalam, Active Gas Field Asset Details 44
Table 23: Brunei Darussalam, Number of Gas Discoveries, 2004- 2009 44
Table 24: Brunei Darussalam, Gas Discovery Details, 2004-2009 45
Table 25: Brunei Darussalam, Pipeline Key Statistics, 2009 50
Table 26: Brunei Darussalam, Natural Gas Pipeline Length by Company (Km), 2009 50
Table 27: Brunei Darussalam, Natural Gas Pipelines, 2009 52
Table 28: Brunei Darussalam, LNG Key Statistics, 2009 53
Table 29: Brunei Darussalam, Total Liquefaction Capacity (Million Tonnes), 2000-2015 53
Table 30: Brunei Darussalam, Liquefaction Capacity by Company (Million Tonnes), 2000-2015 54
Table 31: Brunei Darussalam, Liquefaction Capacity (Million Tonnes), 2000-2015 55
Table 32: TOTAL S.A., Key Facts 56
Table 33: TOTAL S.A., SWOT Analysis 61
Table 34: Royal Dutch Shell plc, Key Facts 67
Table 35: Royal Dutch Shell plc, SWOT Analysis 72
Table 36: Brunei LNG Sendirian Berhad, Key Facts 78
Table 37: Brunei LNG Sendirian Berhad, SWOT Analysis 80
Table 38: AED Oil Acquires 50% Interest In Block L Oil And Gas Permit In Brunei 84

1.2 List of Figures
Figure 1: Brunei Darussalam, Energy Sector Split By Fuel Type, 2009 10
Figure 2: Brunei Darussalam, Natural Gas Production And Consumption, Billion Cubic Feet, 1996-2020 13
Figure 3: Brunei Darussalam, Natural Gas Exports, Billion Cubic Feet, 1996-2020 15
Figure 4: Brunei Darussalam, Natural Gas Reserves, Billion Cubic Feet, 1996-2009 17
Figure 5: Brunei, Full Field Economics, Sample Cash Flows 21
Figure 6: Brunei, Full Field Economics, Government and Contractor Takes 23
Figure 7: Brunei, Full Field Economics, Post Tax Cash Flow vs. Gross Revenue 24
Figure 8: Brunei, Full Field Economics, Project Post Tax Cash Flows At Various Discount Rates 25
Figure 9: Asia Pacific, Country Standings, Upstream Fiscal Attractiveness, July 2010 28
Figure 10: Asia Pacific, Country Standings, Gas Sector Performance by Reserves-Exploration & Production, July 2010 29
Figure 11: Asia Pacific, Country Standings, Gas Sector Performance by Production-Consumption, July 2010 30
Figure 12: Asia Pacific, Country Standings, Exploration Blocks Awarded, July 2010 31
Figure 13: Asia Pacific, Country Standings, Economic Performance, July 2010 33
Figure 14: Asia Pacific, Country Standings, Socio-Political Performance, July 2010 35
Figure 15: Brunei Darussalam, Natural Gas Assets Map, 2009 37
Figure 16: Brunei Darussalam, Total Marketed Natural Gas Production (MMcf), 2002- 2009 38
Figure 17: Brunei Darussalam, Marketed Natural Gas Production by Type (MMcf), 2002- 2009 39
Figure 18: Brunei Darussalam, Marketed Equity Weighted Natural Gas Production (MMcf), by Company, 2002-2009 41
Figure 19: Brunei Darussalam, Market Share (%) based on Marketed Equity Weighted Natural Gas Production, 2009 42
Figure 20: Brunei Darussalam, Number of Gas Discoveries, 2004- 2009 45
Figure 21: Brunei Darussalam, Natural Gas Pipeline Length by Company (Km), 2009 51
Figure 22: Brunei Darussalam, Total Liquefaction Capacity (Million Tonnes), 2000-2015 54
Figure 23: GlobalData Methodology 96