Extraction of crude petroleum and natural gas
NACE v2.1 Code: B06
About extraction of crude petroleum and natural gas
NACE code 06 covers the extraction of crude petroleum and natural gas, a critical industry that plays a vital role in the global economy. This sector is responsible for supplying the raw materials that power industries, heat homes, and fuel transportation, making it a fundamental component of modern society. The extraction of these fossil fuels is a complex and technologically advanced process, requiring significant investment and specialized expertise.
Production process
The extraction of crude petroleum and natural gas typically involves a multi-stage process. First, geological surveys are conducted to identify potential reservoirs, followed by the drilling of exploratory wells. If the reserves are deemed commercially viable, production wells are drilled, and the crude oil and natural gas are extracted using a variety of techniques, such as pumping, gas lift, or artificial lift methods. The extracted resources are then processed, refined, and transported to end-users.
Production inputs
The extraction of crude petroleum and natural gas requires a range of inputs, including specialized drilling equipment, such as rigs, pumps, and pipelines, as well as a skilled workforce of geologists, engineers, and technicians. Additionally, this industry relies on a steady supply of raw materials, such as steel for casing and tubing, as well as various chemicals and lubricants used in the extraction and processing of the resources.
Production outputs
The primary outputs of the crude petroleum and natural gas extraction industry are 19 Manufacture of coke and refined petroleum products and 35 Electricity, gas, steam and air conditioning supply. Crude oil and natural gas are the key feedstocks for the refining and petrochemical industries, which transform these raw materials into a wide range of fuels, lubricants, and other essential products. The natural gas extracted is also a crucial input for the generation of electricity and the provision of heating and cooling services.
Revisions to 06
Classification codes are adjusted frequently. The code may have been revised or replaced between system versions. The table below shows the history (newest to oldest) of the code 06. The most recent 1 version of this code (06) is in the NACE v2.1 system (this version):
This page shows the most recent version of code 06.
Older versions
Family tree for extraction of crude petroleum and natural gas
graph LR A["<a href='/classifications/nace/v2-1/B'>B: MINING AND QUARRYING</a>"] A --> B["<a href='/classifications/nace/v2-1/B/06'>06: Extraction of crude petroleum and natural gas</a>"] A --> C["<a href='/classifications/nace/v2-1/B/05'>05: Mining of coal and lignite</a>"] A --> D["<a href='/classifications/nace/v2-1/B/07'>07: Mining of metal ores</a>"] A --> E["<a href='/classifications/nace/v2-1/B/08'>08: Other mining and quarrying</a>"] A --> F["<a href='/classifications/nace/v2-1/B/09'>09: Mining support service activities</a>"] B --> G["<a href='/classifications/nace/v2-1/B/06/1'>06.1: Extraction of crude petroleum</a>"] B --> H["<a href='/classifications/nace/v2-1/B/06/2'>06.2: Extraction of natural gas</a>"] %% Color coordination by level classDef level1 color:#000,fill:#a8f9ff,stroke:#333,stroke-width:2px classDef level2 color:#000,fill:#e0a458,stroke:#333,stroke-width:1px classDef level3 color:#000,fill:#419d78,stroke:#333,stroke-width:1px classDef level4 color:#000,fill:#c04abc,stroke:#333,stroke-width:1px classDef level5 color:#000,fill:#f1c40f,stroke:#333,stroke-width:1px classDef level6 color:#000,fill:#f1c40f,stroke:#333,stroke-width:1px classDef highlight color:#000,fill:#fff,stroke:#000,stroke-width:5px %% Apply classes class A level1 class B level2 class C level2 class D level2 class E level2 class F level2 class G level3 class H level3 class B highlight %% class A level1 %% class B,C level2 %% class D,E,F,G,H,I level2 %% class J,K,L,M,N,O,P level3 %% class B highlight