The Oil and Gas industry is one of the biggest industries in the world in terms of US dollars. This industry is vital as they often contribute a significant amount towards a national gross domestic profit (GDP).
The oil and gas industry consists of different segments – mainly upstream, midstream and downstream.
Here is a quick overview of the oil and gas industry:
The oil and gas industry consists of 3 major segments – upstream, midstream, and downstream.
Generally speaking, when people think of oil and gas industry, the first few things that come across their mind are drilling wells, searching for oil, and getting hydrocarbons out of the ground which mainly define the upstream. Apparently, not many people are aware of the midstream and downstream of the oil and gas industry.
Let us walk you through the differences between these 3 segments!
The upstream segment is also