The oil and Gas Industry is divided into 3 categories :
- Upstream
- Midstream
- Downstream
What does Upstream , Midstream and Downstream mean in the oil Industry ?
Upstream Oil and Gas :
is E&P (Exploration and Production ) , involves the drilling off exploration wells and drilling into established wells to recover oil and gas .
- Exploration
- Field Development
- Production Operation
Midstream :
involves 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 completely different geographic region compared to the oil and gas reserves . Transportation can include anything from tanker ships to pipelines and trucking fleets .
- Transportation
- Storage and distribution
Downstream :
Refers to the filtering of the raw materials obtained during the upstream phase . The marketing and commercial distribution of these products to consumers and end users in a number of forms including natural gas , diesel oil , petrol , gasoline , lubricants , kerosene , jet fuel , asphalt , heating oil , LPG ( Liquefied Petroleum Gas ) as well as a number of other types of petrochemicals .
- Refining
- Marketing
