New Brunei offshore agreement signals energy sector rejuvenation


Minister at the Prime Minister’s Office and Minister of Defence II Pehin Datu Lailaraja Major General (Rtd) Dato Paduka Seri Awang Halbi Mohd Yussof in a group photo. - MUIZ MATDANI

BANDAR SERI BEGAWAN: Marking an important milestone in Brunei Darussalam’s energy sector, the Petroleum Authority of Brunei Darussalam (PA) and EnQuest EP BV Limited signed a production sharing agreement (PSA) for an offshore block in a ceremony held on Wednesday (July 16)

The signing represents the first new PSA award in Brunei in over 10 years, marking a significant revival in the nation’s upstream oil and gas sector and demonstrating Brunei’s ongoing commitment to rejuvenate its upstream oil and gas industry and drive sustainable economic growth.

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Brunei , offshore , agreement

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