Petroleum Authority of Brunei Darussalam Act (CAP.231).

This Act consisting of 63 Sections organized into 9 Parts aims to establish the Petroleum Authority together with amending the Petroleum (Pipe-Lines) Act (Chapter 45). The Petroleum Authority of Brunei Darussalm shall undertake the following main functions and duties (i) promote the development of the petroleum sector in the country; (ii) exercise licensing and regulatory functions in respect of the petroleum sector, including investments in the petroleum sector and petroleum products; (iii) secure that demands for the supply of petroleum and petroleum products are satisfied and to protect the interests of the public in respect of the supply and use of petroleum and petroleum products; (iv) monitor and regulate petroleum operations; (v) maintain, manage, and exercise general supervision over and regulatory function in respect of petroleum data; (vi) coordinate the development of and promote and maintain the efficient use of petroleum infrastructure; (vii) advise the Government on national needs, policies and strategies relating to the petroleum sector; (viii) promote and maintain the security of petroleum supplies and the resilience of the petroleum sector. The Authority has the power to perform any actions deemed advantageous, necessary, or expedient for fulfilling its functions and duties, including negotiating and enforcing petroleum agreements, issuing guidelines, acquiring property, forming companies, and providing financing and training. Part 5 grants the Authority the power to receive and manage mineral rights within State Land as allocated by His Majesty the Sultan and Yang Di-Pertuan in Council, ensuring these rights remain valid and enforceable under existing and future petroleum mining agreements. Part 6 establishes the Petroleum Authority of Brunei Darussalam Fund, used to cover various expenses such as remuneration, salaries, maintenance, interest on debentures, and contributions to public or charitable purposes.
Schedule 5 amends the Petroleum (Pipe-Lines) Act (Chapter 45) to enhance the regulatory framework for petroleum pipelines in Brunei Darussalam. The key amendments include (i) inserting new Part headings to organize the Act into distinct sections; (ii) adding new sections that introduce definitions, permissions, and regulations for onshore and controlled pipelines; (iii) modifying existing sections to update terminology and procedures; and (iv) adding new Schedules (Schedules 1 and 2) that detail the application processes and issuance of permissions for onshore and controlled pipelines.