Types of Companies in Oil and Gas Chain

The Oil and Gas industry is a huge huge industry!

Most freshers don’t know the various types of companies associated with the oil and gas chain. Due to the lack of this awareness, they often struggle to plan for their career.

So, we have prepared a simple 1 page summary to create clarity about what are the different types of companies along with a few examples for each.

➡️ 𝗧𝘆𝗽𝗲𝘀 𝗼𝗳 𝗖𝗼𝗺𝗽𝗮𝗻𝗶𝗲𝘀

𝗥𝗲𝗴𝘂𝗹𝗮𝘁𝗼𝗿𝘆 𝗔𝗴𝗲𝗻𝗰𝗶𝗲𝘀: Responsible for policies and regulations, these are mostly Govt agencies

𝗘𝘅𝗽𝗹𝗼𝗿𝗮𝘁𝗶𝗼𝗻 & 𝗣𝗿𝗼𝗱𝘂𝗰𝘁𝗶𝗼𝗻: ‘Owner’ companies, owning and leading oil and gas field development and production, sale of crude oil, natural gas, LNG

𝗥𝗲𝗳𝗶𝗻𝗲𝗿𝘆: ‘Owner’ companies, converting crude to fuels and lubes and overseeing it’s sales

𝗣𝗲𝘁𝗿𝗼𝗰𝗵𝗲𝗺𝗶𝗰𝗮𝗹: ‘Owner’ companies, converting naphtha or natural gas to petrochemicals

𝗟𝗡𝗚 Companies: Liquefying natural gas and selling LNG, or Regassifying LNG and selling NG

𝗧𝗿𝗮𝗱𝗶𝗻𝗴: Facilitating buying and selling of crude, NG and LNG as commodities

𝗢𝗶𝗹 𝗙𝗶𝗲𝗹𝗱 𝗦𝗲𝗿𝘃𝗶𝗰𝗲𝘀 & 𝗧𝗲𝗰𝗵𝗻𝗼𝗹𝗼𝗴𝘆: Experts in Reservoir, Drilling, Well Completion, Production Enhancement and much more

𝗘𝗣𝗖: Design and build the facilities/plants to produce oil and gas and convert it to products

𝗖𝗼𝗻𝘀𝘂𝗹𝘁𝗮𝗻𝘁𝘀/𝗔𝗻𝗮𝗹𝘆𝘀𝘁: Market study, policies, advisory services, etc

𝗜𝗧: Tools and software for Oil and Gas

Of course, this is just a small subset of a vast database so if your favorite company is not listed, don’t feel disappointed.

Also, some companies are put in a category for which they are more popular and have not been included in other categories. For example, ONGC is generally known as an E&P company even though they have OMPL and MRPL which are downstream plants.

Not covered here are the suppliers and subcontractors who provide the material and other services and also the process technology companies!