Definition of the Day – Upstream Industry

The Upstream Industry finds and produces crude oil and natural gas.  It is sometimes known as the exploration and production or E&P sector of the industry.

Upstream functions:

  • Searches for potential underground or underwater crude oil and natural gas
  • Drills exploratory wells
  • Drills and operates wells that bring crude oil and/or raw natural gas to the surface

Upstream Images

Offshore Rig
Offshore Rig
Artificial Lift
Artificial Lift
Oil Derrick
Oil Derrick