Oil and gas extraction services on resources owned by others
CPC v2.1 Code: 86221
About oil and gas extraction services on resources owned by others
cpc code 86221 covers the provision of oil and gas extraction services on resources owned by others. This industry plays a crucial role in the global energy supply chain, enabling the efficient extraction and processing of oil and natural gas from reservoirs owned by third parties. By offering specialized services and expertise, companies operating under this code contribute to the broader energy sector and support the world's growing demand for fossil fuels.
Production process
The main production techniques used in this industry involve the deployment of advanced drilling and extraction technologies. This includes the use of directional and horizontal drilling, hydraulic fracturing, and other specialized methods to access and extract oil and gas from underground reservoirs. Service providers also utilize specialized equipment, such as drilling rigs, pumps, and processing facilities, to ensure the safe and efficient extraction of these valuable resources.
Production inputs
The key inputs required for this industry include specialized drilling equipment, pumps, and other machinery necessary for the extraction process. Additionally, the industry relies on a skilled workforce of engineers, technicians, and operators to manage the complex extraction operations. Access to the oil and gas reserves owned by third parties is also a critical input, as service providers must secure the necessary rights and permissions to extract the resources.
Production outputs
The primary output of this industry is the extraction of crude oil and natural gas, which are then sold to 46711 Petroleum refineries and 46720 Natural gas distribution for further processing and distribution. The extracted resources are essential feedstocks for a wide range of industries, including 20110 Petrochemical manufacturing and 23610 Manufacture of concrete products for construction purposes.
Family tree for oil and gas extraction services on resources owned by others
graph LR
A["<a href='/classifications/cpc/v2-1/8'>8: Business and production services</a>"]
A --> B["<a href='/classifications/cpc/v2-1/86'>86: Support and operation services to agriculture, hunting, forestry, fishing, mining and utilities</a>"]
B --> C["<a href='/classifications/cpc/v2-1/862'>862: Support and operation services to mining</a>"]
C --> D["<a href='/classifications/cpc/v2-1/8622'>8622: Mining services on resources owned by others</a>"]
D --> E["<a href='/classifications/cpc/v2-1/86221'>86221: Oil and gas extraction services on resources owned by others</a>"]
D --> F["<a href='/classifications/cpc/v2-1/86229'>86229: Other mining services on resources owned by others</a>"]
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