What does upstream mean in oil and gas?

What does upstream mean in oil and gas?

Key Takeaways. Upstream refers to points in production that originate early on in the processes. Also called exploration and production (E&P), upstream is farthest from the end-user consumer in the oil & gas supply chain. Upstream activities include exploration, drilling, and extraction.

What is oil and gas upstream and downstream?

Upstream oil and gas production is conducted by companies who identify, extract, or produce raw materials. Downstream oil and gas production engages in anything related to the post-production of crude oil and natural gas activities.

What is upstream and downstream?

Upstream refers to the material inputs needed for production, while downstream is the opposite end, where products get produced and distributed.

What are the upstream activities in the oil industry?

The upstream segment of the oil and gas industry contains exploration activities, which include creating geological surveys and obtaining land rights, and production activities, which include onshore and offshore drilling.

What is the difference between upstream midstream and downstream?

‘Upstream’ is about extracting oil and natural gas from the ground; ‘midstream’ is about safely moving them thousands of miles; and ‘downstream’ is converting these resources into the fuels and finished products we all depend on.

Is upstream against the current?

The definition of upstream is against the current, or toward the beginning. An example of upstream used as an adjective is the phrase “an upstream swim,” which means a swim against the current.

What is upstream and midstream and downstream?

What is upstream and downstream example?

Another Example – Personal Computers As noted, upstream and downstream operations exist wherever there is a supply chain that begins with basic materials and ends with finished goods for sale. Therefore, another example of upstream to downstream can be the personal computer industry.

Is a refinery upstream or downstream?

What Are Downstream Operations? Downstream operations are the processes involved in converting oil and gas into the finished product. These include refining crude oil into gasoline, natural gas liquids, diesel, and a variety of other energy sources.

What is the upstream process?

Upstream processing comprises tasks in the initial stages of the fermentation process in biotechnology. This includes all steps related to the development of microorganisms, nutrient preparation, cell culture, cell separation and harvesting.

Is FPSO upstream or downstream?

FPSOs integrate upstream, midstream, and downstream activities. They extract oil from the well, process and store it on board and deliver the partially treated crude oil to tankers for transportation to a refinery.

Is LNG upstream or downstream?

LNG is in the midstream of the oil and natural gas value chain, taking supply from upstream, producing product at the midstream and selling into markets downstream.

What direction is upstream?

If you are entering a channel or waterway from the sea, you are traveling upstream. Water will often flow from north to south. This means that if you’re traveling north, you will likely be boating upstream.

How do I know if upstream is downstream?

Downstream means towards where the flow ends, at the opposite end of the waterway from the source. If you are boating from Kingston to Toronto, for example, you are heading upstream. If you are going from Kingston to Cornwall, you are travelling downstream.

Is Exxon upstream or downstream?

ExxonMobil operates worldwide producing millions of oil-equivalent barrels of net oil and natural gas per day.

What is difference between upstream and downstream processing?

The key difference between upstream and downstream bioprocessing is that upstream bioprocessing involves screening and identification of microorganisms, media preparation, multiplication of microbes inside a bioreactor, and incubation, while downstream bioprocessing involves extraction, purification and packaging of …

What is the difference between FPSO and FSO?

The difference between the systems is that the FPSO is also directly connected with the oil drilling while the FSO is only concerned with storage. The most advanced technology for deep sea oil extraction opens the way for oil companies to venture further into ever more extreme conditions in the search for oil.

What does FSO mean in oil and gas?

Floating Storage and Offloading
(Floating Storage and Offloading) FPSO (Floating Production Storage and Offloading) and FSO (Floating Storage and Offloading) systems today have become the primary method for many offshore oil and gas producing regions around the world.

Is refinery midstream or downstream?

The final segment is referred to as downstream. They are refineries – companies responsible for refining oil and gas and turning them into the many finished products people rely on every day, like jet fuel, gasoline, asphalt, and heating oil.