Wednesday, 3 April 2019

Upstream vs Downstream Oil & Gas Operations

Upstream Oil and Gas Production

Upstream oil and gas production and operations identify deposits, drill wells, and recover raw materials from underground. They are also often called exploration and production companies. This sector also includes related services such as rig operations, feasibility studies, machinery rental, and extraction of chemical supply.

Many of those employed in this part of the industry include geologists, geophysicists, service rig operators, engineering firms, scientists, and seismic and drilling contractors. These people are able to locate and estimate reserves before any of the actual drilling activity starts.

Downstream Oil and Gas Production

The closer an oil and gas company is to supplying consumers with petroleum products, the further downstream it is said to be in the industry. Downstream operations are oil and gas processes that occur after the production phase to the point of sale.

This sector of the oil and gas industry—the final step in the production process—is represented by refiners of petroleum crude oil and natural gas processors, who bring usable products to end users and consumers. They also engage in the marketing and distribution of crude oil and natural gas products. Simply put, the downstream oil and gas market is anything that has to do with the post-production of crude oil and natural gas activities.

Many of the products that consumers use every day come directly from downstream production, including diesel, natural gas, gasoline, heating oil, lubricants, pesticides, pharmaceuticals, and propane.


Source: Investopedia

11 comments:

  1. CLOSED JOINT-STOCK COMPANY AGS OIL is one of the leading Oil & Gas trading companies in Russia Federation with good business reputation and well experienced in the Petroleum and mining sector. We offer the following trades through our reliable Refineries: D2 DIESEL OIL GOST 305-82, JP54 AVIATION KEROSENE COLONIAL GRADE, UREA 46%/PRILLS, LNG, LPG, REBCO, MAZUT100 GOST 10585-75/99, AUTOMOTIVE GAS OIL(AGO). We as well secure allocations from our various Refineries for our numerous buyers who are interested in Spot transactions on FOB/CIF deliveries to any world safe port (AWSP). Our Refineries have their products both at Russian ports and Rotterdam port. we also have a reliable SHIPPING COMPANY if you are in need of find the contact bellow.
    Email: baevsergeyalexandrovich@bk.ru
    BAEV SERGEY ALEXANDROVICH.

    ReplyDelete
  2. i am always looking for some free stuffs over the internet. there are also some companies which gives free samples. best CBD products

    ReplyDelete
  3. I high appreciate this post. It’s hard to find the good from the bad sometimes, but I think you’ve nailed it! would you mind updating your blog with more information? oil and gas services

    ReplyDelete
  4. You make so many great points here that I read your article a couple of times. Your views are in accordance with my own for the most part. This is great content for your readers. gilgameshindustrial oil and gas

    ReplyDelete
  5. Filtration plays a key role in maintaining hydraulic equipment and fluids. The fluid contamination leads to corrosion, wear, unsatisfactory performance, and ultimately, the equipment failure. Most of the oil filters perform a simple function; trapping the particles in small holes and cleaning oil. The fluid passes through the filter while particles above a certain size are trapped. Matthew Fleeger supports local charities

    ReplyDelete
  6. Natural gas pipelines stretch in all directions from Texas and it has long been used throughout the US for heat, light, and electrical generation. So it's little wonder that in this country its price has long been bound to oil, a commodity in a very volatile market where prices are often shaped by world events. Dallas CEO Matthew Fleeger

    ReplyDelete
  7. As its popularity grows, so do all the questions about it. For instance, how is it produced, what are the different types, what are its uses, how it should be stored, what are its benefits, what do the terms on the labels mean, and which ones should you buy? Dallas-based CEO

    ReplyDelete
  8. marketing jobs can really earn you lots of dollars but most of the time, it is a difficult job* hard wax

    ReplyDelete
  9. We introduce to you OOO "LK SINTEZ" a mandate company that is bond by law and authorized to represent a reputable end seller company involved in the selling of various petroleum products: Mazut, D2,D6,JP54, Jet fuel A1,LPG,LNG.
    Our main goal is to ensure high level of professionalism in all our transactions to satisfy the demands of our seller and buyers alike, to ensure a good business relationship between our seller and buyers.
    contact us via our email below for our SCO {SOFT CORPORATE OFFER}and procedure.
    regards,
    Name: OMELCHENKO DMITRY ALEKSANDROVICH
    Email: info@llk-sintez.ru

    Skype: omelchenkodmitry2212@gmail.com
    Phone: +7-926-80-156-31
    whatsapp: +7-926-80-156-31

    ReplyDelete
  10. Many of the products that consumers use every day come directly from downstream production, including diesel, natural gas, gasoline, heating oil, lubricants, pesticides, pharmaceuticals, and propane. black designer salwar kameez , black salwar top designs

    ReplyDelete
  11. Foam wiper balls for offshore onshore oilfield well drilling are well known product of Merit all over the world since 2005. This 16 year industry leader presents brand new specialty wiper foam balls made of natural rubber and capable of being used from 40°F (4°C) to 302°F (150°C).
    https://meritautomotive.com/foam-wiper-balls/
    https://drillpipefoamwiperballs.wordpress.com/

    ReplyDelete