Upstream vs Downstream: What is Upstream? When most people think of the oil and gas industry, they think of upstream - searching for oil, drilling wells, and getting hydrocarbons out of the ground. There is much less common knowledge about the midstream and downstream segments of the oil and...
Thedownstream oil and gassegment, as shown in the Business Characteristics diagram, is a margin business. Margin is defined as the difference between the price realized for the products produced from the crude oil and the cost of the crude delivered to the refinery. ...
To continue with our oil and gas company example, downstream processes might include conversion of crude oil to gasoline, plastics, and other products, selling them to customers, and providing customer service as needed. Things work a little differently when speaking of upstream and downstream proces...
Downstream focuses on the distribution and retail of products, whereas upstream is concerned with the exploration and production of raw materials.
So now you know. ‘Upstream’ is about extracting oil and natural gas from the ground; ‘midstream’ is about safely moving them thousands of miles; and ‘downstream’ is converting these resources into the fuels and finished products we all depend on. ...
Related Resources: What is Upstream? What is Midstream? What is Downstream? What is Refining? What is Petroleum? What is the difference between Upstream and Downstream? Drilling Wells for Oil and GasandOffshore Drilling Oil 101
Whether it is the downstream sector or the upstream sector of the Nigerian oil and gas industry that you want to examine, what you see is nothing but doom and gloom.Olusegun Adeniyi
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Upstream is a term for the operations stages in the oil and gas industry that involve exploration and production. Oil and gas companies can generally be divided into three segments: upstream, midstream, and downstream. Upstream firms deal primarily with the exploration and initial production stages ...
Upstream and downstream oil and gas production refers to an oil or gas company's location in the supply chain. Companies in theoil and gas industryare defined as upstream, downstream, or midstream. Some companies are considered "integrated" because they combine the functions of...