Quiz on Oil & Gas Sector Welcome to your Quiz on Oil & Gas Sector 1. The petroleum industry is aso known as the oil industry the oil patch Both of the Above 2. The oil and gas industry is one of the largest sectors in the world in terms of dollar value True False 3. Upstream, or exploration and production (E&P) companies are responsible for transportation from the wells to refineries. find reservoirs and drill oil and gas wells. are responsible for refining and the sale of the finished products. 4. Midstream Companies in Oil & Gas Sector are responsible for transportation from the wells to refineries. find reservoirs and drill oil and gas wells. are responsible for refining and the sale of the finished products. 5. Downstream companies in Oil & Gas Sector are responsible for transportation from the wells to refineries. find reservoirs and drill oil and gas wells. are responsible for refining and the sale of the finished products. 6. Drilling companies contract their services to E&P companies to extract oil and gas. True False 7. Well-servicing companies conduct related construction and maintenance activities on well sites. True False 8. Oil and gas production is process of discovering a resource turning it into a finished product ready for sale All of the above 9. Oil and gas are less dense than water, so they migrate through porous sedimentary rock toward the earth's surface. When the hydrocarbons are trapped beneath less-porous cap rock, an oil and gas reservoir is formed. True False 10. Hydrocarbons can not be brought to the surface by drilling through the cap rock and into the reservoir. True False 1 out of 5
