( see also Upstream @ Wikipedia )
The area of Petroleum Industry dealing with exploration and production of hydrocarbons (also called Upstream).
Exploration is split into three operational areas: | Petroleum Production is usually split into two operational areas: | |||
---|---|---|---|---|
Surface Production is split into three major areas: | Subsurface Production is split into three major areas of activities: | |||
The results of the exploration lead to the procedure of Booking Reserves | Routine production operations usually follow Production Strategy which is a part of Field Development Planning |