Upstream Sector
The upstream sector in the maritime industry refers to the exploration, development, and production of oil and gas reserves in offshore and onshore fields. This sector involves activities such as seismic surveys, drilling of wells, and installation of production platforms. The upstream sector is considered the riskiest and most capital-intensive segment of the oil and gas industry, as it involves high costs and uncertainties associated with finding and extracting hydrocarbons. The success of the upstream sector is critical to the entire oil and gas value chain, as it provides the raw materials for downstream activities such as refining and distribution.
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