09 Nov Oil and Gas Supply Chain
Oil and natural gas are major industries in the energy market and play an influential role in the global economy as the world’s primary fuel sources. The processes and systems involved in producing and distributing oil and natural gas are highly complex, capital-intensive, and require state-of-the-art technology. To make it easier, oil and natural gas industries divided into 3 main business segments: upstream, midstream, and downstream.
Upstream; This is a term for operations in the industry that have anything to do with the exploration and production of oil and natural gas. Upstream businesses search for reservoirs of raw materials and extract them. The upstream firms are often called E&P businesses (exploration and production).
Midstream; The midstream segment is mainly focused on anything that is required to transport and store of oil and natural gas, also include for moving extracted resources to refineries for processing. Midstream companies include pipelines and all the infrastructure needed to move these resources long distances, such as pumping stations, tank trucks, rail tank cars and transcontinental tankers.
Downstream; The final segment is referred to as downstream. They are refineries – companies responsible for refining oil and natural gas and turning them into many finished products. The products we use in our daily life like fuels gasoline, diesel, kerosene, jet fuels, asphalt for roads and gas for household needs.
In conclusion, upstream, midstream, and downstream of oil and natural gas operations are three related business segments, each segment flows and connected until it becomes a consumer goods product for the community. And PT Mitra Wira Pratama as a distributor of various Valve brand have wide range of product variants to provide all three of the business segments needs in the oil and natural gas industry.
For a selection of products, you can go directly to here
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