The Key Performance Indicator (KPI) that relates to the health and safety of oil and gas sector is:
Ensure Safe Operations: The priority for safety performance is to ensure that high risk activities are effectively MANAGED and controlled; and all reasonably practicable measures necessary to prevent major accidents have been taken to limit the consequences to persons, assets and the environment. The target is therefore to have zero major accidents. Climate change and other environmental concerns are becoming more important in the national agenda especially in the effort to ensure domestic economic and energy securities. An energy sector that does not compromise the environment is thus a prerequisite. Significant steps toward this is decarbonisation of the primary energy demand and supply through energy conservation and renewable energy resources respectively.
The KPI which track the low-carbon primary energy demand and supply are:
Energy Intensity: An indicator used to assess the performance of energy efficiency that is measured by the ratio of primary energy demand to the country’s GDP value contribution measured in 2005 real terms. The target is to reduce energy intensity by 45 percent by 2035 in line with Brunei Darussalam’s commitment to APEC.
Renewable Energy in Total Power Generation Mix: Renewable energy is energy that comes from resources that can be naturally replenished such as solar and waste-to-energy. Currently, Brunei Darussalam produces about 1,700 MWh of solar energy per year. The target is to increase the share of renewable energy in the total power generation mix by 2.7 percent or 124,000 MWh by 2017 and by 10 percent or 954,000 MWh by 2035.