The upstream sector, or Exploration and Production (E&P) industry, focuses on finding, drilling, and extracting raw natural gas and crude oil. As the first stage in the oil and gas supply chain, it includes geological surveys, offshore/onshore drilling, and mining oil sands. This high-risk sector requires significant capital investment.
Often referred to as “E&P” (Exploration and Production), this sector focuses on locating and producing oil and gas. Activities can result in emissions like methane and carbon dioxide, which are managed through. The sector is also characterized by a reliance on advanced technology.
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