Industry Definition

Oil & Gas or Hydrocarbon industry is broadly divided into Mainly 3 sections

  • Upstream
  • Midstream
  • Downstream

Upstream-The upstream sector includes the searching for potential underground or underwater crude oil and natural gas fields, drilling of exploratory wells, and subsequently drilling and operating the wells that recover and bring the crude oil and/or raw natural gas to the surface. This includes

  • Exploration
  • Construction
  • Testing, Pre-Commissioning & Commissioning of the systems to bring it live to extract Crude

Midstream- this sector involves the transportation (by pipeline, rail, barge, oil tanker or truck), storage, and wholesale marketing of crude or refined petroleum products. Pipelines and other transport systems can be used to move crude oil from production sites to refineries and deliver the various refined products to downstream distributors. The parties who provide support during this stage is

  • Barge companies
  • Railroad companies
  • Trucking and hauling companies
  • Pipeline transport companies
  • Logistics and technology companies
  • Trans loading companies
  • Terminal developers and operators

Downstream sector-Commonly refers to the refining of petroleum crude oil and the processing and purifying of raw natural gas as well as the marketing and distribution of products derived from crude oil and natural gas. The downstream sector touches consumers through products such as gasoline or petrol, kerosene, jet fuel, diesel oil, heating oil, fuel oils, lubricants, waxes, asphalt, natural gas, and liquefied petroleum gas (LPG) as well as hundreds of petrochemicals.