Indroduction to oil and gas industry

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INTRODUCTION TO OIL AND GAS INDUSTRY
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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.
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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
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DIFFERENT PHASES OF OIL AND GAS
1. EXPLORATION
2. APPRAISAL
3. DEVELOPMENT
3. PRODUCTION
5. ABANDONMENT
Removing surface facilities and plugging the well
Searching for oil and gas deposits
Investigation of oil gas volume and parameters
Installation of oil rigs equipment and drill the
well
Oil extraction
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• Transportation
• Storage
• Gas Processing

DOWNSTREAM

• Exploration
• Drilling
• Production

• Refining
• Storage
• Distribution
• Marketing

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UPSTREAM

• ?The upstream oil sector is the exploration and
  production (EP) sector
• Upstream activities include exploration,
  drilling, and extraction
• The upstream sector searching for potential
  underground or underwater crude oil and natural
  gas fields

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MIDSTREAM

• ?The 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. .

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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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