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Topic Content:
- Economic Terms in the Petroleum Industry
Economic Terms in the Petroleum Industry include Oil Boom, Petroleum Oil glut, Oil Shock, the Upstream sector, the Downstream sector, Onshore Operation, Offshore operation, etc.
The Offshore Operation has to do with all production activities on the sea in ensuring that crude oil is moved from the sea to the land. e.g . offshore drilling rig.
The Onshore Operation has to do with all production activities on the land.
The Downstream sector
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