CHAPTER 2
How the Industry Operates
The petroleum industry includes three main sectors. The upstream sector includes exploration and production, seismic, drilling, and service/supply/manufacturing. The second sector is referred to as the midstream sector and includes pipeline, storage, distribution, and some processing. Last, the third sector is downstream and includes refining and processing. These three sectors are vertically integrated. Many of the larger companies are fully integrated, including all three sectors in their core business.
2.1 Upstream
The upstream sector includes exploring for oil and gas fields, drilling of the exploratory wells, and if hydrocarbons are found, ...
Get A Profile of the Oil and Gas Industry now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.