Upstream operations in the oil and gas industry encompass the exploration, development, and production of crude oil and natural gas, forming the critical first stage of the energy supply chain. Often referred to as the Exploration and Production (E&P) sector, these operations involve identifying viable reserves, drilling wells, and extracting hydrocarbons for processing and distribution.
United Petro Group (UPG) is actively focused on expanding its upstream portfolio, with a strategic emphasis on crude oil production in Africa. The continent offers significant opportunities due to its vast untapped reserves and favorable market dynamics. UPG aims to collaborate with local governments, national oil companies, and private operators to develop sustainable extraction projects that align with both environmental standards and regional economic goals. Through these upstream investments, UPG seeks to enhance energy security, generate local employment, and contribute to Africa’s growing role in the global energy market.
