Upstream and downstream are general business terms referring to an oil or gas companys location in the supply chainthe closer to the end user a function or firm is the further downstream it . The oil and gas industry is usually divided into three major sectors upstream or exploration and production ep midstream and downstream the upstream sector includes searching for potential underground or underwater crude oil and natural gas fields drilling exploratory wells and subsequently drilling and operating the wells that recover and bring the crude oil or raw natural gas to the . The oil gas analytical market is segmented on the lines of its product service software type and regional based on segmentation it is broadly segmented on the basis of application into upstream midstream and downstream in 2015 upstream application contributed 50 of the global share. 5 10 werkdagen bolcom as one of the most complex industries in the world this book provides readers with an in depth coverage of companies that operate in all sectors of the oil gas industry that is upstream midstream and downstreamthis book sets out to evaluate companies through upstream midstream and downstream financial and operational metrics covered in the first 4 chapters of the . Yet when most people think of the oil and gas industry they think of upstream searching for oil drilling wells and getting hydrocarbons out of the ground there is much less common knowledge about the midstream and downstream segments of the oil and gas industry maybe its just because they are more regulated and less exciting
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