Basics of Oil and Gas Industry
Introduction — Biggest sector in world in dollar values — Oil and Gas Sector has three Sectors ◦ UpStream ◦ MidStream ◦ Down Stream What is Upstream — Upstream is E&P (exploration and Production). This involves the search for underwater and underground natural gas fields or crude oil fields and the drilling of exploration wells and drilling into established wells to recover oil and gas. What is Mid Stream — Midstream entails the transportation, storage, and processing of oil and gas. Once resources are recovered, it has to be transported to a refinery, which is often in a completely different geographic region compared to the oil and gas reserves. Transportation can include anything from tanker ships to pipelines and trucking fleet...