Video: Introduction to the Oil & Gas Exploration & Production Industry

The Oil Gas Exploration Production (EP) industry is an integral sector of the global energy landscape, focusing on the discovery, extraction, and initial processing of hydrocarbons. This industry encompasses activities such as the geological and geophysical surveying to identify potential oil and gas reserves, the drilling of exploratory and production wells, and the recovery of crude oil and natural gas from subterranean reservoirs. The EP industry is characterized by high technical complexity, significant capital investment, and a considerable degree of risk due to the volatile nature of commodity prices and regulatory challenges. Companies operating in this space employ cutting-edge technologies to enhance efficiency and reduce environmental impact, striving to meet the worlds growing energy demands while navigating the transition towards more sustainable energy sources.