Brunei’s record impresses TOTAL

Oil and gas reserves in the world would begin to decline in the second part of the present century while the present supplies would last 15 to 35 years.

This prediction was made by Mr Louis Heuze the General Manager of TOTAL E&P Deep Offshore Borneo BV, the world’s fourth largest oil and gas company in an interview with Weekend Bulletin.


While revealing that the world’s peak oil will be reached sometime between 2025 and 2035, Mr. Heuze said that it was time we thought about the future. “Brunei is endowed with excellent assets, to prepare for the future. But the country must begin now,” he added.

TOTAL, has been in Brunei for 20 years, represented by TOTAL E&P Borneo BV which is the operator with a 37.5 per cent interest in the offshore Block B while TOTAL E & P Deep Offshore Borneo BV is the operator with a 60 per cent interest in the deep offshore Block J.

Brunei Press