Components of the Upstream

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Presentation transcript:

Components of the Upstream Find Oil & Gas ‘Pools’ which regions and basins? which blocks? where on the block? Exploration How to Get It Out where, in detail, are the reserves? what to build (facilities)? will it be profitable? Development SLIDE 3 The UPSTREAM can be further subdivided into 3 main parts One part is focused on finding oil & gas ‘pools’ – EXPLORATION The second part is focused on how to get oil & gas out of what has been discovered – DEVELOPMENT The mission of the third part is to get the most out of the ground and to the refinery - PRODUCTION From the Ground, to the Refinery how to manage the field? how to deliver the ‘crude’? Production Courtesy of ExxonMobil L 1 - Focus of Industry