Oil and gas value chain
1 Oil and gas value chain The oil and gas value chain starts with searching for potential underground or underwater oil and gas fields and ends with providing products to end consumers. The different sections of the oil and gas value chain are: · Upstream · Midstream · Downstream The upstream, midstream and downstream sectors are described below. The figures below provides an overview of the Oil & Gas Value Chain. Figure 1 ‑ 1 : Oil and gas value chain Figure 1 ‑ 2 : Gas value chain Figure 1 ‑ 3 : Gas value chain 1.1 Upstream, midstream and downstream parts of the value chain Figure 1 ‑ 4 : Upstream, midstream and downstream parts of the value chain 1.1.1 Upstream The oil and gas industry is usually divided into three major sectors: upstream , midstream and downstream. The upstream oil sector is also commonly known