Oil and Gas

Stages in oil and gas industry

The industry is usually divided into three major components: upstream, midstream, and downstream.    Upstream deals with drilling and production mainly.

 Upstream - E&P is located upstream (exploration and exploration). The search for underwater and subsurface natural gas or crude oil resources, as well as the drilling of exploration wells and drilling into existing wells to recover oil and gas, are all part of this process.

Midstream-The transportation, storage, and processing of oil and gas is referred to as midstream. Once the resources have been collected, they must be transported to a refinery, which is often located in a different geographic region than the oil and gas deposits. Tanker tankers, pipelines, and trucking fleets are all examples of transportation.

Downstream - The filtering of the raw materials obtained during the upstream phase is referred to as downstream. This entails the refinement of crude oil and the purification of natural gas.