OIL & GAS: IS UPSTREAM OR DOWNSTREAM RIGHT FOR ME?
DO YOU SEE YOUR FUTURE WORKING UPSTREAM OR DOWNSTREAM?
If you’re looking to work in the oil and gas industry, knowing what role suits you and understanding more about the components of the sector could be key to your success. However, with a lot of industry-specific jargon to bust, getting the lowdown on this can often be easier said than done.
If you can’t tell the difference between your upstream from your downstream, here’s a quick guide of everything you need to know:
The oil and gas industry is big. Really big.
In fact, it’s such a large and complex sector, that understanding and explaining the whole process from start to finish isn’t particularly easy. For this reason, the industry is generally broken down into the following three components: Upstream, Midstream and Downstream.
Many companies working within the industry will generally choose to specialize in one particular part of the process. Some companies (known as ‘combined’, or ‘super majors’) may handle the whole process themselves, although there are a very small number of these companies operating within the oil & gas sector.
BP, Total and Shell are all examples of combined companies.
WHAT IS UPSTREAM?
Upstream is the first part of the oil and gas process.