The Oil and Gas Industry Overview
For those of you interested in entering the industry, the first thing you should at know are the different sectors involved in the extraction, processing, and cleaning of the fuel that you use from a day to day basis. There are several sectors involved in this process, all of which play their own vital role to sustaining the oil and gas ecosystem. As someone interested in this line of field, but have no idea where to start, we suggest starting with fully knowing and understanding the industry, and eventually picking the sector that you feel that you may want to venture into.
The Upstream Industry
This industry refers to the sector that finds and produces crude oil & natural gas. Many people refer to it as the Exploration and Production (E&P) sector. It’s main focus is to drill and bring raw crude oil to the surface. A lot of the work involved in this sector resides on the oil rigs or the planning of an extraction.
The Midstream Industry
This sector focuses on the processing, storage, marketing, and transportation of raw crude oil & natural gas. This is no doubt the largest section and is the main link between producers and consumers.
The Downstream Industry
The downstream industry is what we usually see in our everyday lives such as retail outlets and gas distribution companies (like your Petrol stations). It’s responsible for everything that consumers interact with in terms of oil and gas. In addition to the above, this industry also provides thousands of other products such as gasoline, diesel, jet fuel, asphalt, lubricants, synthetic rubber, plastics, etc. It’s an incredibly broad aspect of the oil and gas chain and is also relatively easy to find work in.