A part of Petroleum Industry related to exploration and production of hydrocarbons (also called Exploration & Production or E & P)
It is essentially based on the knowledge area of Petroleum Geology and other Subsurface Production Disciplines.
The primary subject of E & P is exploring or acquisition of Petroleum Asset and maintaining the profitable production from it.
The results of the Exploration lead to the procedure of Booking Reserves
| Petroleum Exploration is split into four operational areas: | Petroleum Production is split into three operational areas: | |||||
|---|---|---|---|---|---|---|
Booking Reserves | Field Development Planning | |||||
See also
Petroleum Industry (Oil & Gas Industry)