1. 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