Extraction of crude petroleum and natural gas

isic code 06 covers the extraction of crude petroleum and natural gas, which are essential raw materials for a wide range of industries. This industry plays a crucial role in the global economy, providing the energy and feedstock required for the production of fuels, chemicals, and a variety of other products. The extraction of these resources is a complex and capital-intensive process, involving advanced technologies and specialized equipment.

The main production techniques used in the extraction of crude petroleum and natural gas involve the drilling of wells, both onshore and offshore, to access the underground reservoirs. Once the wells are drilled, various methods are employed to extract the resources, such as primary recovery techniques (using the natural pressure of the reservoir), secondary recovery techniques (using artificial means to increase pressure), and enhanced recovery techniques (using advanced methods to improve extraction efficiency).

The extraction of crude petroleum and natural gas requires a significant amount of specialized equipment, including drilling rigs, pumps, pipelines, and storage facilities. Additionally, this industry relies on a skilled workforce, including geologists, engineers, and technicians, to locate, extract, and process the resources. Other key inputs include various chemicals and materials used in the drilling and extraction processes.

The primary outputs of the extraction of crude petroleum and natural gas are the raw materials themselves, which are then further processed and refined into a wide range of products. These include 19 Manufacture of coke and refined petroleum products, 20 Manufacture of chemicals and chemical products, and 35 Electricity, gas, steam and air conditioning supply, among others. The extracted resources are also used as feedstock for the production of a variety of consumer and industrial goods.