Everything about Upstream Oil Industry totally explained
The petroleum industry is usually divided into three major components: Upstream,
midstream and
downstream. Midstream operations are usually included in the downstream category.
The
upstream oil sector is a term commonly used to refer to the searching for and the recovery and
production of
crude oil and
natural gas. The upstream oil sector is also known as the
exploration and production (E&P) sector.
The upstream sector includes the searching for potential underground or underwater oil and gas fields, drilling of exploratory wells, and subsequently operating the wells that recover and bring the
crude oil and/or raw
natural gas to the surface.
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