Up Stream & Down Stream Technical Services

Up Stream & Down Stream Technical Services

In terms of dollar value, the oil and gas industry is one of the biggest sectors on a global scale. Needless to say, oil is essential to the world’s economic framework, most especially to developing countries.

Upstream

This is a term for operations in the industry that have anything to do with the exploration and production of natural gas and oil. Upstream businesses search for reservoirs of raw materials and extract them. They deal mainly with the initial production stages – drilling and bringing oil and gas to the surface. 

Downstream

The final segment is referred to as downstream. They are refineries – companies responsible for refining oil and gas and turning them into the many finished products people rely on every day, like jet fuel, gasoline, asphalt, and heating oil. 

Oil and gas are composed of long-chain hydrocarbons that are utilized to create far less obvious, but similarly essential products, like synthetic rubbers, containers, preservatives, and plastics. Downstream companies also play an important role in the agriculture and medical fields. Logically, an abundance of supply in oil and gas in the upstream sector may benefit downstream firms.