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 E&P Disciplines.
The primary subject of E&P is exploring a new or acquisition of existing Petroleum Asset and maintaining a profitable production from it.
The results of the Exploration lead to the procedure of Booking Reserves.
Petroleum Exploration and Petroleum Production are split into three operational areas each: