Brunei's dependency on Oil and Gas sector chart

In the year 2002,  Brunei's dependency on oil and gas sector is only about 53% but it  had increased by 13% to 70% in year 2007. [1]

From the economic's points of view, this is quite risky since this non renewable energy sector will not last forever. They believe, if Brunei can no longer produce oil and gas, the country's economic will collapse.

But as a Petroleum student, I still can see a promising bright future of oil and gas industry in Brunei for at least for the next 20 years. Currently Brunei only produces just a small part of the oil reserve it has. 

Since 1929, Most of the oil and gas produces are coming from the 25km long oilfield stretches from Kuala Belait to Seria and recently exploration has been extended to Tutong district  and the outcomes is very promising.[2]

Both wells at  Lukut-1  and Lempuyang-1 which are located in Tutong District has been focused since the positive 3D seismic results and encouraging indication from wire lines logs were received during the exploration. However Testing on both wells will only be continued by early January next year. In the second half period of 2010, both wells were drilled, however the operations were discontinued due to some issue on the pending testing.[3]

References:

[1] http://www.depd.gov.bn/

[2] http://www.brudirect.com/DailyInfo/News/Archive/Apr08/190408/nite03.htm

[3] http://www.energy-pedia.com/article.aspx?articleid=143240