upstream sector

The upstream sector of the oil and gas industry involves exploring for and extracting crude oil and natural gas from beneath the Earth's surface. This includes activities like geological surveys, drilling wells, and responsible extraction operations. Essentially, it’s the initial phase where resources are located and brought to the surface. Once extracted, the resources move on to the downstream sector for refining and distribution. The upstream sector is fundamental, as it provides the raw materials that power industries, transportation, and homes worldwide.