In this lesson, we learned about the basics of the modern oil and gas industry. In particular, we learned that naturally occurring hydrocarbons exist in subsurface, porous rock formation called reservoirs. We also learned that these naturally occurring hydrocarbons can be found as liquids (crude oil) or as gases (natural gas).
In addition, we learned about the structure of the oil and gas industry. The modern oil and gas industry is broadly composed of three sectors based on the role that sector plays in delivering petroleum products to consumers. These sectors are:
We also discussed the three disciplines in petroleum engineering and their roles in the industry. These petroleum engineering disciplines are:
In addition, we briefly discussed the career potentials of up and coming petroleum engineers. We learned that petroleum engineers are typically hired into the upstream sector of the industry. In addition, with the aid of the resource triangle, we discussed some of the challenges that future petroleum engineers can expect to take on during their careers in the oil and gas industry.
Finally, we discussed the ethics of the engineering profession, in particular, petroleum and natural gas engineering. We also discussed Environmental Stewardship and its role in crude oil and natural gas extraction.
You have reached the end of Lesson 1! Double-check the to-do list on the Lesson 1 Overview page [1] to make sure you have completed all of the activities listed there before you begin Lesson 2.