Upstream Petroleum addresses the search for crude oil and natural gas fields and includes the exploratory drilling as well as operating wells and bringing hydrocarbons to the surface. The exploration and production of hydrocarbons is a capital-intensive affair that requires skilled labor and expensive equipment.
E&P companies (exploration and production) are seeking to maximize production while ensuring safe operations and minimizing environmental impact. APQC offers a leading business process library that E&P companies can use to benchmark their own way of working against the industry standard. Check out the Upstream Petroleum APQC Frameworks below.