The economy of Brunei, a small and wealthy country, is a mixture of foreign and domestic entrepreneurship, government regulation and welfare measures, and village traditions. It is almost entirely supported by exports of crude oil and natural gas, with revenues from the petroleum sector accounting for over half of GDP. Per capita GDP is high, and substantial income from overseas investment supplements income from domestic production. The government provides for all medical services and subsidizes food and housing. The government has shown progress in its basic policy of diversifying the economy away from oil and gas. Brunei's leaders are concerned that steadily increased integration in the world economy will undermine internal social cohesion although it has taken steps to become a more prominent player by serving as chairman for the 2000 APEC forum. Growth in 1999 was estimated at 2.5% due to higher oil prices in the second half.
Miri is a coastal city in north-eastern Sarawak, Malaysia, located near the border of Brunei, on the island of Borneo. The city covers an area of 997.43 square kilometres (385.11 sq mi), located 798 kilometres (496 mi) north-east of Kuching and 329 kilometres (204 mi) south-west of Kota Kinabalu. Miri is the second-largest city in Sarawak, with a population of 356,900 as of 2020. The city is also the capital of Miri District, Miri Division.
National Petroleum Limited, commonly known as Petronas, is a global Malaysian energy company with a presence in over 100 countries. Established in 1974, it is a legal entity incorporated under the Malaysian Companies Act and reports to the company's Board of Directors. The corporation is vested with all oil and gas resources in Malaysia and is entrusted with the responsibility of developing and adding value to these resources. In the annual Fortune Global 500 list for 2022, Petronas was ranked at 216th. It also ranked 48th globally in the 2020 Bentley Infrastructure 500.
OMV is an Austrian multinational integrated oil, gas and petrochemical company which is headquartered in Vienna, Austria. The company is listed on the Vienna Stock Exchange. In the 2021 Forbes Global 2000, OMV Group was ranked as the 413th -largest public company in the world.
Malaysia Marine and Heavy Engineering Holdings Berhad is a Malaysian owned shipbuilding and heavy engineering industries company. It was formerly known as Malaysia Shipyard and Engineering Sdn Bhd. MHB has been long involved in oil and gas engineering and construction works.
Premier Oil plc was an independent UK oil company with gas and oil interests in the United Kingdom, Asia, Africa and Mexico. It was devoted entirely to the 'upstream' sector of the industry — the exploitation of oil and gas — as opposed to the 'downstream' refining and retail sector. It was listed on the London Stock Exchange until it was acquired by Chrysaor Holdings and then merged into Harbour Energy in March 2021.
The Abu Dhabi National Oil Company, known by its acronym ADNOC, is the state-owned oil company of the United Arab Emirates (UAE).
The Brunei LNG (BLNG) is the LNG plant in Lumut, Brunei. It is the largest oil and gas producer in the country. Moreover as of 2006, Brunei has been the 4th largest oil producer in Southeast Asia and the 9th largest LNG producer in the world.
Malaysia LNG (MLNG) is a liquefied natural gas manufacturer in Malaysia. It operates in the 9 liquefaction modules PETRONAS LNG Complex, Bintulu, Sarawak. In 2007, it was the largest LNG manufacturing complex. Currently, top 5 largest LNG plant in the world as of 2022.
The Brunei–Malaysia border divides the territory of Brunei and Malaysia on the island of Borneo. It consists of a 266 km (165 mi) land border and substantial lengths of maritime borders stretching from the coastline of the two countries to the edge of the continental shelf in the South China Sea.
The Malaysia–Thailand Joint Development Area is a 7,250 km square area in the Gulf of Thailand which was created as an interim measure to exploit the natural resources in the seabed or continental shelf claimed by the two countries and to share the proceeds equally. The arrangement does not extinguish the legal right to claims by both countries over the area. This is one of the first applications of the joint development a memorandum of understanding on 21 February 1979 in Chiang Mai, Thailand for the establishment of the joint development area and authority to administer the area. This was followed by an agreement to constitute the joint development authority on 30 May 1990 in Kuala Lumpur, Malaysia.
Petroleum licensing or exploration license is the act of giving licenses to a company or a joint venture allowing them to search for commercially feasible deposits for the extraction of petroleum.
Sapura Energy Berhad is a Malaysian integrated oil and gas services company based in Seri Kembangan, Selangor. Sapura Energy trades in over 20 countries, such as China, Australia, United States of America, and those in Western Africa and the Middle East, employing approximately 13,000 people. Sapura Energy's operations cover exploration, development, production, rejuvenation, decommissioning, and abandonment. The company was formed via a merger between SapuraCrest and Kencana in May 2012 and trades on the Main Market of Bursa Malaysia Securities Berhad. The company was renamed as Sapura Energy Berhad on 24 March 2017.
Petroleum Sarawak Berhad (PETROS) is a state-owned oil and gas exploration firm established and owned by the State Government of Sarawak.
Destini Berhad is a Malaysian company that is involved in heavy industry, defence and oil and gas. This company was formed in 1991 under the name of Satang Jaya Sdn Bhd. At the beginning, this company involved in the business as a supplier of aviation tools and spare parts from Original Equipment Manufacturers (OEM) to Malaysian government especially for Malaysian Armed Forces. The company first time entry into Bursa Malaysia in December 2005 and in September 2011, Satang Jaya Sdn Bhd changed its name to Destini Berhad as a part of company expansions. Destiny Berhad consist of four divisions which is System Enhancement Resources & Technologies (SERT) for land systems, Destini Aviation for aerospace, Destini Armada for marine and Destini Oil Services for oil and gas.
The Muara Port, also known as Muara Harbour, is a seaport operated by the Muara Port Company (MPC) Sdn Bhd, under the supervision of the Maritime and Port Authority of Brunei Darussalam. The port also contributed to the Brunei Darussalam–Indonesia–Malaysia–Philippines East ASEAN Growth Area (BIMP-EAGA).
The Brunei Methanol Company (BMC) is a methanol plant in Sungai Liang, Brunei. According to the Brunei Darussalam Newsletter, the BMC plant was the largest investment done outside of the oil and gas and LNG industry. The plant was noted to have the capability to produce up to 850,000 tonnes of methanol per year. The project was part of the Wawasan Brunei 2035 goals on diversing Brunei's economy and reduce the dependence on oil and gas industry.
Egret oil field, also known as Egret Field, is a complex oil and gas field in the South China Sea and 45 km north-west of Seria, Belait District, Brunei. It is located at the depth of 60 m, and operated by Brunei Shell Petroleum (BSP).
Matsatejo bin Sokiaw is a retired Bruneian politician who was the Deputy Minister of Energy from 2018 to 2023. Notably, he is also the managing director and CEO of the Brunei National Petroleum Company (PetroleumBRUNEI), the deputy chairman of the Authority for Info-communications Technology Industry (AITI), and the director of Darussalam Assets (DA).
Dato Seri Setia Dr Haji Mat Suny bin Haji Mohammad Hussein is a Bruneian politician who formerly held the position of Deputy Minister of Development from 2005 to 2010, and Minister of Energy from 2018 to 2022. Notably, he is also the deputy chairman of Universiti Teknologi Brunei (UTB).
B$5.462 billion (2023) [1] 
