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Saturday, May 27, 2023

From Black Gold to Fading Reserves

As I stroll along during my routine Sunday morning walk, I pause to appreciate the row of monuments featuring paintings that depict the development of Brunei's oil and gas industry in Seria, the very seat of the nation's prosperity.

Among these artworks, one particular painting catches my eye—an exquisite portrayal of Brunei's oil industry's inception in 1929.

I have encountered these monuments countless times, but this time, it's different.

What draws my attention is a nodding donkey in the background, motionless as if suggesting that the well might have run dry.

In my mind, this picturesque scene captures a significant moment in Brunei's history—the birth of its oil industry in 1929. The painting depicts the extraction of the first drop of crude oil, forever altering the fate of a nation previously plagued by poverty.

This artwork portrays Brunei's transformation from a struggling nation to an oil-rich powerhouse. However, amidst the grandeur, the motionless nodding donkey, a familiar sight in the oil industry, stands tall but silent.

Here's the story of the scenario that caught my eye: Once an industrious pump, it now serves as a poignant reminder of Brunei's remarkable journey over the course of nearly a century.

For decades, Brunei's oil fields provided abundant reserves that fueled the nation's economic growth and improved the well-being of its people. The discovery of oil brought unprecedented wealth, facilitated infrastructure development, and elevated living standards throughout this Southeast Asian nation.

Yet, as time went by, the relentless extraction of oil began to take its toll. The once abundant reserves are now gradually depleting, a consequence of almost a century of production. The painting's panorama stretches into the horizon, revealing a landscape marked by diminishing oil production and the stark reality of nearing exhaustion.

This artwork invites us to contemplate the impermanence of natural resources and the profound impact they have on nations. It serves as a poignant reminder that Brunei's era of oil wealth, constructed over generations, is gradually drawing to a close.

While the future holds both opportunities and challenges for Brunei, this painting captures a crucial moment in time, celebrating the legacy of the oil industry that has indelibly shaped the nation. It urges us to reflect on the significance of sustainable practices, the diversification of industries, and the prudent management of finite resources.

As I gaze upon this artistic portrayal, it reminds me of the cyclical nature of prosperity and the necessity for countries like Brunei to adapt and evolve. This picture serves as a testament to the resilience and ingenuity of Brunei's people, who must now navigate a future beyond the era of black gold, seeking new pathways for progress and prosperity.