The oil and gas industry is one of the largest sectors in the world, generating over $6 trillion in global revenue. The industry plays a central role in the global economy and its products underpin modern society, supplying energy to power the world, heat homes, provide fuel for vehicles, and supply feedstock for almost all chemical products. The formation of these natural deposits date back millions of years and the steps to discover, extract and process the products are each large and complex industries of their own. Countries play a key role as holders of the world’s reserves of oil and gas with key players ranging from governments to supermajor private companies.
This primer will introduce you to the natural processes that lead to the formation of oil and gas and how the industry operates.
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