In the upstream sector of the oil and gas industry, a comprehensive set of value stream activities unfolds across key lifecycle stages, including exploration, well engineering, project development, asset operations, production optimization and many other functional/organizational entities.
The upstream industry is arguably the most complex of all the oil and gas business sectors.
Upstream works, unsurprisingly, rely heavily on technology and electronics, which drives all aspects of the upstream industry, adding to its capital-intensive nature.