E&P (Exploration and Production)

Exploration and Production (E&P) refers to the processes involved in finding and extracting natural resources, primarily oil and natural gas. Exploration involves searching for potential energy deposits beneath the Earth’s surface using geological surveys and technology. If resources are found, production begins, which includes drilling wells and extracting these resources for refinement and use. E&P is crucial for meeting global energy demands, impacting economies, and influencing energy policies. Companies in this sector face various challenges, including environmental concerns, regulatory requirements, and market fluctuations.