As the economy grows around the world the demand for oil and gas is rising. Regardless of green energy or not. That is why major oil and gas industries in the energy market play an influential role in the global economy as the primary fuel source. The processing system involved in producing and distributing oil and gas are very complex, capital intensive and require state of the art technology.
Currently we are only involved in upstream. (Explorations and Production), however we need to understand, the oil and gas industry supports millions of jobs and provides lower energy costs for consumers and ensures energy security. Yet many of these challenges are centered on the environmental impact of fossil fuel production, which includes mining, drilling, refining, and transportation operations.
However, it is estimated that 30 billion barrels are consumed globally each year. This demands flow assurance. The term encompasses the entire supply chain, from the source to the end-user. The improvement of safety in production, flow assurance strategies will become even more vital to the health of the industry, by allowing companies to remain efficient and compliant.
As I have mentioned earlier oil and gas production is a multi-stage process of discovering a resource, transporting it to a refinery which is the last step and ready to sale. In the industry terminology is UPSTREAM, MIDSTREAM and DOWNSTREAM. Our company is not an integrated company yet due to the high capital costs involved with oil exploration and refining. The barriers as a New Company to the industry are high. We at Scorpiixi Pleiades Resources Corporation are focusing on the reserves of oil and natural gas deposits that remain underground that have not been extracted. The three P’s of reserve are “Proven”, “Probable”, and “Possible”. These correspond with the likelihood of successfully, drilling in those deposits. The proven reserve is noted by P80 or P20 which means certainly of possible reserves of 80% or 20% being produced.
In fact, our world would grind to a halt without oil and gas. You can name it cars, airplanes, ships, farm equipment, trucks, heating homes, generating electricity, railways, fertilizer, toys, plastic goods, cosmetics, detergents, nylon material, etc…. Therefore, oil is a vital commodity. This is why oil and gas are considered literally and symbolically- BIG Business. The advantages at Scorpiixi Pleiades Resources Corporation are that the oil demand around the world is growing and the demand for diesel fuel has increased. Our corporation’s aim is to increase rapid expansion in the exploration effort in India and around the world. Since the government of India has allowed 100% Foreign Investment (FDI) in upstream and private sectors refining projects. This will increase exploration and production which will excel the tapping foreign investment in export-oriented infrastructure, pipelines and export terminals.