Friday, March 6, 2020
Reliability for the Oil & Gas Industry Part 1: Upstream Sector
The oil and gas industry is considered to be the biggest economic sector in the world in terms of dollar value. The initial investment and overall operational costs are high, but the industry generates hundreds of billions of dollars a year in the global economy. The industry is made up of 3 sectors: Upstream, Midstream, and Downstream. Each component in the chain plays a vital role in the overall process, from the speculation and discovery of reserves to the delivery of finished products to consumers.
In this 3-part series, we will analyze each sector and get a better understanding of how Reliability is crucial to each component’s operational and financial, as well as to the whole enterprise.
Real World Case Studies
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