The exploration and production phase involves identifying and assessing oil and gas resources, drilling wells, and establishing production facilities. This phase can take several years and requires significant investment and technical expertise.
The drilling and completion phase involves drilling wells to access the oil and gas reserves and completing them to enable production. This phase includes drilling design, well testing, and completion activities such as installing tubing and casing.
Oil and gas infrastructure and facilities, including processing plants, pipelines, and storage facilities, are built during construction. Vendors and contractors need to plan and coordinate extensively for this phase.
Resource production and the upkeep of the infrastructure and machinery necessary for production are both part of the operations and maintenance phase. This phase entails constant monitoring and maintenance to ensure productivity and safety.
After they are no longer required, oil and gas-producing facilities must be removed and abandoned as part of the decommissioning process. This procedure requires extensive planning and collaboration to comply with environmental and safety laws.
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