Types of Companies in the Upstream Sector of the Oil and Gas Industry
The companies operating in the upstream sector of the oil and gas industry in Nigeria can largely be grouped as oil and gas producing companies, also called exploration and production (E&P) companies, and oil servicing companies, which provides various services to the producing companies.
Exploration and Production (E&P) Companies
- Multinational or International Oil Companies (IOCs)
- National Oil Companies (NOCs)
- Independent and Local Oil Companies
- Marginal Field E&P companies
Oil Servicing Companies
- Geological and Seismic Services
- Surveying & Positioning Services
- Well and Drilling Services
- Engineering & Project Management
- Fabrication & Construction
- Installation, Hook-up and Commissioning Services
- Operations and Maintenance
- Logistics, Procurement & Supply Chain
- Marine Services
- Information & Communications Technology (ICT)
- Training Services / Soft Skills
- HSE & Security
- Quality Audit / Quality Assurance
- Inspection, Testing and Certification
- Inspection, Maintenance and Repair Services
- Shipping Companies