Glossary entry (derived from question below)
English term or phrase:
upstream portion of an oil company
English answer:
oil exploration
Added to glossary by
ErichEko ⟹⭐
Mar 21, 2007 01:32
17 yrs ago
2 viewers *
English term
upstream portion of an oil company
English
Tech/Engineering
Petroleum Eng/Sci
HR
Think, for example, of the key wealth creator in your business. In an investment banking firm, that would probably be an investment banker. In a software company, it could be a systems architect. In the ***upstream portion of an oil company***, it's probably the petroleum geologists who search the world for oil.
Responses
4 +2 | oil exploration | ErichEko ⟹⭐ |
5 +4 | The business section closer to the point of production or manufacture rather than the point of sale | Anna Maria Augustine (X) |
5 | field portion of an oil company | zax |
Responses
+2
30 mins
Selected
oil exploration
The oil industry is structured more or less as follows:
= exploration (seeking)
= exploitation (pumping)
= refinery (distillating)
= distribution (selling).
Many oil giants like Shell and Exxon do all of them. Geologists are involved mainly in exploration stage.
= exploration (seeking)
= exploitation (pumping)
= refinery (distillating)
= distribution (selling).
Many oil giants like Shell and Exxon do all of them. Geologists are involved mainly in exploration stage.
4 KudoZ points awarded for this answer.
Comment: "Thanks, Erich - great explanation :o)"
+4
5 mins
The business section closer to the point of production or manufacture rather than the point of sale
http://www.thefreedictionary.com/Upstream
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Note added at 7 mins (2007-03-21 01:40:06 GMT)
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So it is the part of the oil company dealing with production and that is where the geologists are.
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Note added at 7 mins (2007-03-21 01:40:06 GMT)
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So it is the part of the oil company dealing with production and that is where the geologists are.
Peer comment(s):
agree |
Jack Doughty
5 hrs
|
agree |
Rafal Korycinski
6 hrs
|
agree |
kmtext
7 hrs
|
agree |
Vicky Papaprodromou
7 hrs
|
11 hrs
field portion of an oil company
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