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Champion oil field also known as Champion Field is a complex oil and gas field, situated 40 kilometres (25 mi) north-northwest of Bandar Seri Begawan, [1] in shallow water depths of 10 to 45 metres. [2] The Brunei Shell Petroleum (BSP), which is jointly owned by Shell and the Bruneian government, is the owner and operator of the offshore field. [1]
S-1 was the position marker for the first oil well, which was dug using the cable-tool method and is located on the coast of Seria. On 5 April 1929, oil began to flow from the S-1 well, marking a watershed point in Brunei's economic history. S-1 produced 5,320 barrels of oil throughout its operation, which lasted until 1930. [3]
The oil field was first discovered in 1971, [7] but was deemed non-commercial. [8] Moreover, it was predicted that the oil field would produce an estimated of 30 million barrels for 15–20 years. [9] In order to supply the Brunei LNG plant in Lumut, a US$79 million development of the Egret field was planned by the BSP in November 2001 [10] and ...
Brunei Shell Marketing, formed in 1974, focuses on selling oil and gas products within Brunei, with ownership equally divided between the Brunei government and BSP. The LNG trade with Japan is the main activity of the other three businesses, Brunei Shell Tankers (BST), Brunei Coldgas (BCG), and Brunei LNG .
Brunei, which was the world's ninth-largest liquified natural gas (LNG) exporter in 2013, [5] also created a joint venture with the Malaysian oil company, Petronas, to build a natural gas liquification plant in British Columbia, Canada. The move would give PetroleumBRUNEI new and additional expertise in the LNG industry.
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Brunei's oil production peaked in 1979 at over 240,000 barrels per day (38,000 m 3 /d). Since then it has been deliberately cut back to extend the life of oil reserves and improve recovery rates. Petroleum production is currently averaging some 200,000 barrels per day (32,000 m 3 /d). Japan has traditionally been the main customer for Brunei's ...
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