The oil and gas companies are one of those few industries that don’t have a lot of people talking about them, but life would be close to impossible without them. Think about it carefully. If there is no refined oil, you won’t get food at home because every type of food needs a little oil. Apart from that, cooking food without gas gets difficult too. If there was no petroleum, there would be no modes of transportation like taxis, buses, cars, etc. reducing the use of petroleum does help the environment, and with global warming, but not using these sources completely is close to impossible.
Even apart from these basic needs, there are several other things for which oil and gas are mandatory. Various industries function with the help of oil and gas, and it facilitates different functions. The reason why most people don’t talk about the oil industry is because of how complex the metrics and jargon could be to understand the process. To sum it up in an easy manner below is a basic explanation of how the process works.
The whole oil industry is broken into three significant parts, and each of them has a certain role to play in the production of oil.
- Upstream: Most people assume the upstream sector to be the most important because of how major their work is. The upstream companies are responsible for exploring and researching the best oil reservoirs from where they can extract good quality raw oil to further refine it and make it pure and clean to use. Some of you may know this already but oil is extracted from the main source that is crude oil. Different types of oil can be extracted from crude oil, and the only difference between those types is the refinement level.
- Midstream: The midstream companies are like the transportation routes for oil. They are the ones who make sure that the oil is transported safely to the refineries wherever they may be. Oil can be transported from one place to another with the help of cargo, ships, trucks, oil pipes, etc.
- Downstream: The downstream companies are the ones responsible for refining the crude oil in the best way possible. They break down the molecules and heat the oil to a certain level as required for what is being produced from the oil (petrol, cooking oil, etc.) and then handle the packaging.
Oil and gas solutions:
As you can see, the work of the oil industry is extensive and that is why the work is broken down into different streams or departments. Since the work is so complex, there are a lot of things that can go wrong in any of the processes. That is when oil and gas solutions for business come in so that they can help eliminate any problems or issues in between. These companies mix these normal functions with technology to ease processes and solve the problems that may or may not be caused.