Oil & Gas Industry - Upstream

What are the three interconnected segments of the oil and gas industry?

• Upstream, Midstream, Downstream
• Exploration, Production, Refining
• Drilling, Transportation, Marketing
• Onshore, Offshore, Unconventional

Which of the following is NOT a stage of oil and gas production?

• Exploration
• Drilling
• Completion
• Refining

What is the primary purpose of the upstream sector?

• Transporting and storing crude oil and natural gas
• Identifying, extracting, and producing raw materials
• Converting crude oil and natural gas into finished products
• Distributing refined products to end-users

What is the primary purpose of geological surveys in oil and gas exploration?

• To identify promising geological formations that may contain hydrocarbon deposits
• To extract oil and gas from the reservoir
• To transport oil and gas to refineries
• To convert crude oil into finished products

What is the purpose of the well completion stage in upstream activities?

• To install equipment for extracting oil and gas from the reservoir
• To increase the amount of oil and gas that can be extracted from the reservoir
• To transport oil and gas from the production site to refineries
• To convert crude oil and natural gas into finished products

Which country was the world's top oil producer in 2023?

• Saudi Arabia
• Russia
• United States
• Canada

Which country is the second-largest oil producer in OPEC?

• Saudi Arabia
• Iraq
• United Arab Emirates
• Kuwait

What is the primary purpose of enhanced oil recovery (EOR) techniques?

• To increase the amount of oil and gas that can be extracted from the reservoir
• To transport oil and gas from the production site to refineries
• To convert crude oil and natural gas into finished products
• To distribute refined products to end-users

Which of the following is NOT a type of transportation method?

• Pipelines
• Tankers
• Trucks
• Airplanes

Which of the following is NOT a challenge faced in the oil and gas upstream sector?

• Geological complexity
• Environmental concerns
• Cost management
• Lack of skilled labor