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					                       GAS

         INDUSTRY DEVELOPMENT IN

       BRUNEI DARUSSALAM


Petroleum Unit      Global LNG Summit   17 –18 December 2003
                                        km

BRUNEI DARUSSALAM     Washington D.C                Slide 1
                       PRESENTATION OUTLINE
  GAS INDUSTRY DEVELOPMENT IN BRUNEI DARUSSALAM

                    BRUNEI DARUSSALAM – ABODE OF PEACE

                    OIL & GAS INDUSTRY CONTRIBUTIONS

                    KEY PLAYERS IN GAS INDUSTRY

                    KEY MILESTONES OF GAS INDUSTRY

                    NATURAL GAS PRODUCTION

                    NATURAL GAS DEMAND

                    BRUNEI LNG

                    GAS INDUSTRY ASPIRATION

                    OFFERED ACRAEGE
Petroleum Unit                   Global LNG Summit       17 –18 December 2003
BRUNEI DARUSSALAM                  Washington D.C                    Slide 2
       BRUNEI DARUSSALAM – ABODE OF PEACE

     • Politically & Economically Stable.


     • Well-positioned and has proximity to
     existing & potential Asia-Pacific
     markets.


                                                   BRUNEI
     • More than 70 years experience in            DARUSSALAM
     upstream E&P activities.


     • More than 30 years in LNG Business.


Petroleum Unit                 Global LNG Summit           17 –18 December 2003
BRUNEI DARUSSALAM                Washington D.C                        Slide 3
            OIL & GAS INDUSTRY CONTRIBUTIONS

     • Country revenue

     • Direct employment of 3,500 staffs.

     • Indirect employment of large part of workforce.

     • Local business development.

     • Technology development.

     • Promotion of technical and HSEQ Standards.

     • Promotion of Bruneian interest.

Petroleum Unit             Global LNG Summit             17 –18 December 2003
BRUNEI DARUSSALAM            Washington D.C                          Slide 4
          KEY PLAYERS IN BRUNEI GAS INDUSTRY



   § Brunei Shell Petroleum (BSP)

   § Block B Joint Venture (BBJV)

   § Brunei LNG (BLNG)

   § Brunei Shell Tankers (BST)

   § Brunei Gas Carrier (BGC)


Petroleum Unit        Global LNG Summit   17 –18 December 2003
BRUNEI DARUSSALAM        Washington D.C               Slide 5
     PRESENT DAY BRUNEI HC INFRASTRUCTURE

                                                              Maharaja Lela

            Gannet            Fairley
                                               Magpie                 Champion
            Ampa Fairley                                                                 Muara Port
            Rationalization                               Iron Duke
                Project
                                        Amp                                          BANDAR SERI
                                                                    Gadong            BEGAWAN
                                                                   Berakas
                                              Tali
                                                                   Jerudong         Crude Oil or
                                                            OPP
                                                                                 Condensate pipeline
                                                     BLNG
                                                                                 Natural Gas pipeline
                        Terminal      Lumut
                        ( SCOT ) Seria                   CPP                     Offshore facilities
                  Rasau                                    Lumut
                                          Refinery                                 Onshore facilities
                                         10,000 bpd
                                                                                   Power facilities




Petroleum Unit                                Global LNG Summit                         17 –18 December 2003
BRUNEI DARUSSALAM                                    Washington D.C                                     Slide 6
                      EXISTING CONCESSIONS


   • Offshore Concessions 8,618 sq km

             - Block A & CD (Shell Deepwater Borneo Ltd., NewCo)

             - Block B (TotalFinaElf, Shell Deepwater Borneo ltd., NewCo)

             - Others (BSP)


   • Land concession      2,624 sq km

             - BSP




Petroleum Unit                   Global LNG Summit             17 –18 December 2003
BRUNEI DARUSSALAM                  Washington D.C                           Slide 1
                                              NATURAL GAS PRODUCTION
                                                                                                                                   2002 - Highest in recorded
                                                                                                                                   production history

                                           40
                                                                      1999 – Block B Joint Venture start
                                                                      producing & become 2nd gas producer
                                           35
        Million Cubic Metres/Day




                                           30
                                           25
                                           20
                                           15
                                           10
                                              5
                                              0
                                                   63 64 66 67 68 70 71 72 74 75 76 78 79 80 82 83 85 86 87 89 90 91 93 94 95 97 98 99 01 02 03


                                   E +0 6 m3 / d   3. 2 3. 5 5. 4 7 8. 7 10 9. 2 12 20 22 26 30 30 29 26 27 25 24 25 25 26 27 27 28 31 30 30 31 32 32 36




Petroleum Unit                                                                Global LNG Summit                                                  17 –18 December 2003
BRUNEI DARUSSALAM                                                                  Washington D.C                                                               Slide 8
KEY MILESTONES OF GAS INDUSTRY IN BRUNEI
       1929      Seria Field
                                                                1972 – 1st LNG cargo
           1969       Brunei LNG Ltd/Cold Gas Trading
                                                                1980 – 1000th LNG cargo
                                                                1987 – 2000th LNG cargo
      1st LNG cargo      1972
                                                                1993 – 3000th LNG cargo
                                    1986                        1999 – 4000th LNG cargo
         Brunei Shell Tankers


              Japan 1st Contract Extension     1993
               Long-term contract with KOGAS          1997
                                r

                                     Brunei Gas Carrier      1998
                                                          BBJV      1999
                                                 ABADI - 8th LNG Tanker    2002

Petroleum Unit                               Global LNG Summit                    17 –18 December 2003
BRUNEI DARUSSALAM                              Washington D.C                                 Slide 9
                        GAS DEMAND - 2002

                    Total Gas Demand = 0.4173 TCF


   § LNG – 0.3533 TCF, 85%


   § Power generation – 0.0396 TCF, 9%


   § Petroleum operator own use – 0.0244 TCF, 6%


Petroleum Unit               Global LNG Summit   17 –18 December 2003
BRUNEI DARUSSALAM              Washington D.C                Slide 10
                    FUTURE GAS DEMAND

   • LNG.

   • Power generation.

   • Petroleum operator own use.

   • Downstream industry.

   • LNG plant extension opportunity.

   • LNG plant (6th train) expansion opportunity.

Petroleum Unit           Global LNG Summit    17 –18 December 2003
BRUNEI DARUSSALAM          Washington D.C                 Slide 11
                            INLAND GAS DEMAND
                10

                9               Inland Demand
                     Notional Ind Proj
                8    Tutong PS add.
                     Berakas PS
                7                                           2006 – Downstream
                     DES
                                                            projects start
                6    COGEN
     Mln m3/d




                     Historical Data
                5

                4

                3                                         Power
                2
                                                        Generation
                1

                0
                  84

                  86

                  88

                  90

                  92

                  94

                  96

                  98

                  00

                  02

                  04

                  06

                  08

                  10

                  12

                  14

                  16

                  18

                  20

                  22
                19

                19

                19

                19

                19

                19

                19

                19

                20

                20

                20

                20

                20

                20

                20

                20

                20

                20

                20

                20
Petroleum Unit                           Global LNG Summit                17 –18 December 2003
BRUNEI DARUSSALAM                          Washington D.C                             Slide 12
                 EXISTING LNG PLANT – BRUNEI LNG
   • First production in 1972.

   • Delivered more than 4,000 B Class Cargoes.

   • Production capacity 7.2 MTPA

   • Five trains with each capacity of processing 5.3 million
   m3/day of gas.

   • Three storage tanks with total capacity of 176,000 m3.

   • Long term contract with Japan (6.01 MTPA) and Korea (0.7
   MTPA).

   • Spot sales to Europe and United States.
Petroleum Unit              Global LNG Summit         17 –18 December 2003
BRUNEI DARUSSALAM                Washington D.C                   Slide 13
                                                                               BRUNEI LNG EXPORT
                                                                                                                                                                                       2002 - Highest in recorded
                                                                                                                                                                                              export history

                                                    220                                                                                             1997 - KOGAS

                                                                                        1993 – 1st contract extension


                                                    170
       Number of Cargoes
                           ('B Class' Equivalent)




                                                    120



                                                    70



                                                    20



                                                    -30   72   73   74   75   76   77   78   79   80   81   82   83   84   85   86   87   88   89   90   91   92   93   94   95   96    97   98   99   00   01   02   03

  B C l ass E qui val ent C ar go                         1    31   77   106 147 164 159 166 167 159 155 157 160 154 153 156 160 159 159 158 159 165 173 186 185 184 176 186 194 200 204                              56




Petroleum Unit                                                                                         Global LNG Summit                                                               17 –18 December 2003
BRUNEI DARUSSALAM                                                                                           Washington D.C                                                                                       Slide 14
                     BRUNEI LNG - 2002

   2001 – Record: first time 200.3 cargoes delivered

   2002 – New Record: 203.5 cargoes delivered

   Year 2002 Achievement Deliverable Through:

   More reliable gas supply from gas producers
   •

   Continuous growth of LNG deliveries over the last 4 years
   •

   New outlets: 2 spot cargoes to Spain; 1 spot cargo to U.S.
   •

   No
   • shipping disruptions

Petroleum Unit            Global LNG Summit            17 –18 December 2003
BRUNEI DARUSSALAM           Washington D.C                         Slide 15
                    BRUNEI LNG – 2003 OUTLOOK



   Absolute top production compares with previous years.
   •



   Stretching gas suppliers; maximum delivery.
   •



   Firm plans for 207+ B Class Cargoes.
   •



Petroleum Unit              Global LNG Summit     17 –18 December 2003
BRUNEI DARUSSALAM             Washington D.C                  Slide 16
    BRUNEI GAS INDUSTRY GROWTH ASPIRATION

   BLNG PLANT EXTENSION = Assets Rejuvenation Plan (ARP)

   Maintain current 7.2 million ton / annum capacity
   •

   Gas require: ~ 7.5 TCF
   •


   BLNG PLANT EXPANSION – 6th Train

   • th Train: world scale capacity: 4 million ton per annum
   6

   First cargo delivery: after 2010
   •

   Gas require: ~ 4.2 TCF
   •
Petroleum Unit              Global LNG Summit          17 –18 December 2003
BRUNEI DARUSSALAM             Washington D.C                       Slide 17
                         BLNG PLANT EXTENSION & EXPANSION
                                                     330
         300
                                                                      EXPANSION
                                                                       4.2 TCF
                                 210~215
         200
        LNG B- Cargo/a




                             Existing Contracts                       EXTENSION
                                                                       7.5 TCF



                         0
                                   2006       2013             2020   2026           2033



Petroleum Unit                              Global LNG Summit                17 –18 December 2003
BRUNEI DARUSSALAM                             Washington D.C                             Slide 18
                 RECENT DEEPWATER ACREAGE




                       …the next deepwater activity
                       and opportunities in Brunei




Petroleum Unit           Global LNG Summit            17 –18 December 2003
BRUNEI DARUSSALAM          Washington D.C                         Slide 19
                 OUTCOME OF BIDDING ROUND

   BLOCK J
   TotalFinaElf (60%)
   BHP Billiton (25%)
   Amerada Hess (15%)


      BLOCK K
      Shell (50%)
      Conoco(25%)
      Mitsubishi Corp.
      (25%)


Petroleum Unit           Global LNG Summit   17 –18 December 2003
BRUNEI DARUSSALAM          Washington D.C                Slide 20
  GAS INDUSTRY DEVELOPMENT IN BRUNEI DARUSSALAM




                    THANK YOU
                 FOR YOUR ATTENTION




Petroleum Unit        Global LNG Summit      –18
                                          17 –13 December 2003
                                          km

BRUNEI DARUSSALAM       Washington D.C                      21
                                                      Slide 1

				
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