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OIL AND GAS TODAY. PROFESSIONAL SKILLS


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OIL AND GAS TODAY. PROFESSIONAL SKILLS 
Uncovering the oil and gas industry 
Considered being the biggest sector in the world in terms of dollar value, the 
oil and gas sector is a global powerhouse using hundreds of thousands of 
workers worldwide and generating hundreds of billions of dollars globally 
each year. In regions which house the major NOCs, these oil and gas 
companies are so vital they often contribute a significant amount towards 
national GDP. 
In this introduction to the oil and gas industry, we provide a snapshot of the 
petroleum sector. 
What are the different oil and gas sectors?  
The 
energy 
sector 
has 
three 
key 
areas: Upstream, midstream and downstream. 

What is upstream? - Upstream is E&P (exploration and exploration). 
This involves the search for underwater and underground natural 
gas fields or crude oil fields and the drilling of exploration wells and 
drilling 
into 
established 
wells 
to 
recover 
oil 
and 
gas. 

What is midstream? - Midstream entails the transportation, storage, 
and processing of oil and gas. Once resources are recovered, it has to 
be transported to a refinery, which is often in a completely different 
geographic region compared to the oil and gas reserves. Transportation 
can include anything from tanker ships to pipelines and trucking fleets.

What is downstream? - Downstream refers to the filtering of the raw 
materials obtained during the upstream phase. This means refining 
crude oil and purifying natural gas. The marketing and commercial 
distribution of these products to consumers and end users in a number 
of forms including natural gas, diesel oil, petrol, gasoline, lubricants
kerosene, jet fuel, asphalt, heating oil, LPG (liquefied petroleum gas) as 
well as a number of other types of petrochemicals. 



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