(R) (Dr.) Haji Mohamad Yasmin bin Haji Umar - Energy Department ...

contribute to the local communities in return, by employing our local jobseekers.
To those of you who have helped us achieve the target, willingly or otherwise–
thank you for your efforts, may Allah Subbahana Wataala repay your good
deeds, by many folds. Amin.
Ladies and Gentlemen,
10. We cannot be too sure whether all these years, the industry had not been
absorbing locals at the number that we are talking about just now. So whether
our target for 2012 is indeed either low or high, this would remain an academic
question. But definitely, we have learned a lot from the past few months.
11. This year, BSP alone spent around B$2.3 billion as capital expenditure to
amongst others, execute Danau-Bubut, Champion-7 New Living Quarters (CP-7
NQ), Bulan-Bulan & Osprey fabrications and brownfield rejuvenations as part of
its major projects. For the financial year 2013, BSP will spend as its capital
expenditure around B$2.7 billion, on drilling new development and exploration
wells including near field exploration (NFE) and onshore, resulting an increase in
number of rigs, fabrications and offshore installations. That’s just BSP, we have
not included companies such as TOTAL, Brunei Methanol, PetroleumBRUNEI,
PETRONAS and so on.
12. I do hope that companies such as TOTAL, PETRONAS and BMC would
be more transparent on their projected expenditure and the key projects that
they would be carrying out. PetroleumBRUNEI as the current regulator for these
companies must obtain and report back to the Energy Department of the Prime
Minister’s Office on their LBD components. I am also sure our local contractors
and vendors would love to know about them, so they can plan well ahead and
have a chance to participate in the various projects.
5