Panaga is a coastal settlement on the north-east coast of the island of Borneo, in the Bruneian district of Belait. Officially known as Kampong Panaga, it is a village-level subdivision under Seria, a mukim or subdistrict of Belait. The settlement of Panaga comprises a public housing estate under the National Housing Scheme and the housing estate of Brunei Shell Petroleum (BSP), the main oil and gas company in the country. Panaga is also home to the headquarters of the company itself. The postcode for Panaga is KB4533.

Brunei, officially State of Brunei, and formally Brunei Darussalam, is a country in Southeast Asia, situated on the northern coast of the island of Borneo. Apart from its coastline on the South China Sea, it is completely surrounded by the Malaysian state of Sarawak, with its territory bifurcated by the Sarawak district of Limbang. Brunei is the only sovereign state entirely on Borneo; the remainder of the island is divided between its multi-landmass neighbours of Malaysia and Indonesia. As of 2023, the country had a population of 455,858, of whom approximately 150,000 resided in the capital and largest city of Bandar Seri Begawan. Its official language is Malay and Islam is the state religion of the country, although other religions are nominally tolerated. The government of Brunei is an absolute monarchy ruled by the Sultan of Brunei, and it implements a fusion of English common law and jurisprudence inspired by Islam, including sharia.