Continuously
be an effective and respected petroleum regulatory body with highly
dedicated, professional and trustworthy workforce for the benefit of
the nation and people of Brunei Darussalam
To
ensure that all petroleum resources are prudently exploited and
sustainable for the maximum benefit of the nation.
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Continually develop an organisation with up to date knowledge and expertise in
technical and management skills
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Oversee that oil and gas production is prudently exercised so that reserve life
will be prolonged whilst concurrently promoting the development of downstream industries
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Fix the price level for Brunei Darussalam's crude oil
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Encourage International Oil Companies to invest in Brunei Darussalam
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Update petroleum laws and mining agreements
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Ensure Brunei oil and gas prices are comparable with world market prices
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Promote the commitments and involvement of Bruneians at all levels of oil and
gas related activities
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Ensure that all oil companies adhere to internationally accepted standard on
technical, accounting and health, safety and environment matters
