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08.03.17 Oil and Gas Production

The first phase of the large scale solar project in the Temburong district is expected to be completed this year. Yang Berhormat Pehin Datu Singamanteri Retired Colonel Dato Seri Setia Doctor Awang Haji Mohammad Yasmin bin Haji Umar, Minister of Energy and Industry at the Prime Minister's Office disclosed the matter in his opening remark on Departments of Energy, Industry, Department of Electrical Services and the E-Government National Centre. Yang Berhomat Pehin also shared on the oil and gas production that has successfully increased oil and gas reserves for another 50 years.

According to Yang Berhormat Pehin, this year, the country's oil production is expected to be at 134 thousand barrels a day compared to 139 thousand barrels a day in 2016. The reduction, among other things, is due to natural decline, deferment as well as the country's commitment to OPEC. In 2016, the oil and gas sector has successfully increased the overall amount of oil sources and reserves to 90 million Barrel of Oil Equivalent, BOE that increases the lifespan of oil and gas reserves for another 53 years. Touching on the renewable energy, a large scale solar project will be implemented in the Temburong district to replace the Belingus Generator Station which operates on diesel. The first phase involving 23% of the project is expected to be completed this year.

News Courtesy of Radio Television Brunei
Photo Courtesy of Pelita Brunei