A part
( see also Upstream @ Wikipedia )
The area of Petroleum Industry dealing with related to exploration and and production of of hydrocarbons and also called Upstream.
Drilling is essential part of both exploration and production.
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(also called Exploration & Production or E&P).
The key elements of Upstream is Petroleum Reservoir and Petroleum Well, often considered in the context of Well-Reservoir System (WRS).
The size, structure and complexity of Petroleum Reservoirs are normally characterized by the generally accepted metrics on Reserves Classification.
The engineering part of Upstream operations is called Petroleum Engineering which is essentially based on the knowledge areas of:
The primary subject of E&P is exploration of a new or acquisition of existing Petroleum Assets and maintaining a profitable production from them.
The E&P activities are managed by Petroleum Operating Company with the help of Oilfield Services (OFS) and also undertake:
- searching, evaluating and acquiring the new Petroleum Assets
- selling existing Petroleum Assets in order to raise the funds for a more profitable investment opportunities
- making arrangements for Land allocation required for Petroleum Assets
The Upstream industry is split into two major operational areas: Petroleum Exploration and Petroleum Production:
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See also
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Petroleum Industry (Oil & Gas Industry)
[ Petroleum Asset ] [ Petroleum Reservoir ] [ Petroleum Well ] [ Well-Reservoir System (WRS) ] [ Reserves Classification ]
[ Petroleum Operating Company ] [ Petroleum Service Provider ]
[ Field Operations ] [ Well Drilling ] [ Data Acquisition ]
[ Surface E&P Disciplines ] [ Subsurface E&P Disciplines ]
[ Land allocation ]
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Production gathering
Fluid supply and injection
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