Introduction to oil and gas industry.

INTRODUCTION TO OIL AND GAS INDUSTRY

OIL AND GAS INDUSTRY The oil and gas industry is one of the biggest sectors in the world in terms of dollar value.

It is generating an estimated $5.3 trillion in global revenue as of 2023.

The Oil & Gas industry play vital role to in modern economy.

HISTORY OF OIL AND GAS INDUSTRY The history of oil and gas has a surprisingly ancient origin. The modern history of the oil and gas industry started in 1847, with a discover by Scottish chemist James Young.

In Texas oil discovered in 1894 AD. A driiling contarctor hire to find water stumbled upon an oil well, causing Texas became an oil hub

DIFFERENT PHASES OF OIL AND GAS

1.

EXPLORATION

2.

APPRAISAL

3.

DEVELOPMENT

3.

PRODUCTION

5.

ABANDONMENT

Searching for oil and gas deposits

Investigation of oil & gas volume and parameters

Installation of oil rigs equipment and drill the well

Oil extraction

Removing surface facilities and plugging the well

TYPES OF OIL AND GAS SECTOR MIDSTREAM Transportation Storage Gas Processing

UPSTREAM Exploration Drilling Production

DOWNSTREAM Refining Storage Distribution Marketing

UPSTREAM T he upstream oil sector is the exploration and production (E&P) sector Upstream activities include exploration, drilling, and extraction The upstream sector searching for potential underground or underwater crude oil and natural gas fields

MIDSTREAM T he midstream industry is the portion of the oil and natural gas industry that processes, stores, and transports products.

Processing and Refining of operations turn oil and gas into marketable products Oil and gas are transported to processing facilities and then to consumers various methods including pipelines, marine vessels, trucks, and trains. .

DOWNSTREAM Downstream oil and gas refer to the final phase in the petroleum industry activities.

The downstream industry is the process of the refining, distributing, and retailing of petroleum products.

Refining and delivering oil and gas are known as downstream activities.

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