The energy sector, mainly oil and gas, remains the backbone of Brunei's industrial output
and trade.
However
,
oil and gas
production shrunk at an annual average rate of
-
1.8%
d
uri
ng
2008
-
13 partly due to
maintenance works.
The largest oil and gas operator and producer remains
the state
-
owned Brunei Shell Petroleum (BSP) by virtue of its control of the major oil and natural
gas fields.
While BSP operates a concession, the exploratio
n and development of a number of new
onshore and offshore blocks have been offered on production sharing basis