The segment of the oil and gas industry concerned with the exploration, appraisal, development and production of hydrocarbons.
Upstream refers to the exploration and production segment of the oil and gas value chain, encompassing activities associated with locating hydrocarbon resources, drilling wells, developing production facilities and producing crude oil and natural gas. Upstream operations provide the raw hydrocarbons that are subsequently transported, processed and refined by downstream and midstream sectors.
Upstream comprises the exploration, development and production activities that supply hydrocarbons to the oil and gas value chain.
The oil and gas industry is commonly divided into upstream, midstream and downstream sectors, each representing different stages in the hydrocarbon value chain.
Upstream focuses on exploration and hydrocarbon production, whereas Downstream encompasses refining, processing, distribution and marketing activities.
Oil and Gas; Industry; Asset Management.
Oil and gas.; Offshore.; Onshore.; Energy.; Exploration and production.
VisualAIM connects glossary concepts to the asset records, inspection histories, and workflows they describe.