The activities in the oil and gas industry are classified into?

A. exploration and transportation
B. upstream and downstream
C. discovery and extraction
D. onshore and offshore

Correct Answer:

Option B – upstream and downstream

Explanation

The term upstream and downstream is used in the oil and gas industry to refer to the various activities of an oil or gas company.

Upstream activities involve companies who extract or produce raw materials used in the production of oil and gas

while the Downstream industry are those who are involved in the distribution, sale and delivering of the refined products to the final customers.