The immense variation of companies devoted to the oil and gas industry are categorized into those working with the exploration, production or wholesale of oil or gas commodities around the world. Here is some of the basic knowledge on the specific characteristics of the Oil Market.
MARKET KEY PLAYERS
The industry itself consists of five key players believed to be prospective contracting companies for employment. From one side, one may find the international Operating Oil Companies (Shell, BP, Texico and such) that decide upon where oil extraction/production will be executed and make use of their licence to operate facilities by subcontracting Drilling Companies that will undertake the drilling work with their own movable rigs and crews.
Drilling companies eventually follow specific targets and, if necessary, Major Contractors will enter the scene to bring together the sources enabling the work progress (Human Resources as well as Mechanical equipment). Any transportation or storage of oil is managed by FPSO Operators, who train personnel to operate their major floating production Units. In addition, Service Companies advocate specialist services to operating as well as drilling companies.
As a result, you may find yourself working on a jack-up or Semi-submersible working for a drilling company that owns the rig and find out that the rig is “rented out” to Oil Companies. You may also find yourself working for a service company, employed by a Major Contractor to provide specialist assistance (divers, caterers, well service firms).
How does the process flow?
EXTRACTION AND EXPLORATION OF OIL
The process starts with a “search for crude oil and gas” from beneath the ocean by using modern search technologies. The Operating Oil Company hires specialists to conduct geological surveys of an area and, according to results, decides on the likelihood for oil or gas deposits. Sites can be both found onshore (Canada’s Oil Sands Industry) as well as offshore (Gulf of Mexico or the North Sea).
Once targets and potential well sites are defined, will massive drilling constructions drill to get the oil out of traps. When oil is confirmed and the expected natural gas or petroleum deposits is calculated as extremely economical viable, it may be decided to locate a permanent production platforms on the site to collect hydrocarbons or convey the natural resources to onshore receiving facilities by means of inbuilt flow-lines, risers, power generators and pumping equipment. Companies, as such, who are involved with the exploration and production of oil are known to be in the Upstream Oil Market.
Ships or pipelines will transport the resource from their point of production offshore to refineries and plants on land. The oil is cleaned and purified for usage, and stored in refineries. This process, starting from the transportation to the refinery of oil, is acknowledged to be part of the Midstream Oil Market, where you can find pipelaying operators.
Oil that has been refined/cleaned will be further distributed over land to eventually end up at the consumer market. Oil is used in primary household energy, in motor oils and greases, in plastics, in waxes used for packaging of frozen foods, in asphalt, etc... This process of selling or wholesaling is belongs to the Downstream Oil Market.
At GOSS, we primarily focus on providing manpower to the Upstream or Midstream sector involving both on and offshore production projects. However, we do not limit ourselves to major companies in our search for employment nor do we neglect any interconnected projects.
Working conditions and environment offshore through ###A Glimpse into the Lifestyle Offshore### and ###Offshore Units.###