The Brunei National Petroleum Company Sdn Bhd (PetroleumBRUNEI) announced that it is undergoing restructuring and reorganisation of its functions.

Restructuring of PetroleumBRUNEI is set to begin with the transfer of its regulatory functions to a newly established Petroleum Authority by end of 2019.

PetroleumBRUNEI’s commercial functions will be synergised and optimised through the reorganisation of its assets.

It will enhance the focus and long-term sustainability of its core functions, and to capitalise on the existing synergy between government-linked companies.