Upstream oil and gas assets play a major role in satisfying the world’s energy needs, and are located around the world in both onshore and offshore regions and in challenging conditions such as ultra-deep waters and freezing temperatures. Production is therefore technologically complex and necessitates very high capex. See Full Report @ bit.ly/1s8ciFP
The global upstream industry is expected to witness a relatively low production increase with an average rate of 1% over the next four years, from 57,161 mmboe in 2016 to 59,210 mmboe by 2020. See Full Report: http://goo.gl/RKIVnL
The oil & gas industry operates in three main sectors, namely, upstream, midstream, and downstream. The upstream sector, which is majorly associated with the exploration and production of oil and natural gas, utilises numerous services across different operations, spanning from searching for oil and gas to drilling wells, and operating them. The process, in itself, is very bulky and requires heavy machinery and specialised services for the complete process. As per the study conducted by Market Research Future, the global market for upstream services is likely to grow at the CAGR of around 4%. Request Sample of This Report @ https://www.marketresearchfuture.com/sample_request/1006
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Major players in the Oil and Gas Upstream Activities market are Saudi Aramco, Rosneft, Kuwait Petroleum Corporation, ADNOC, Iraq Ministry of Oil. Read More @ https://bit.ly/3izL8EZ
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