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NAICS Code 211120-05 Description (8-Digit)

Oil Operators are companies that specialize in the extraction of crude petroleum from the earth. This industry involves the exploration, drilling, and production of oil from underground reservoirs. Oil Operators are responsible for managing the entire process of oil extraction, from locating oil reserves to transporting the extracted oil to refineries. They work in a variety of locations, including onshore and offshore oil fields, and use specialized equipment and techniques to extract oil from the ground.

Hierarchy Navigation for NAICS Code 211120-05

Parent Code (less specific)

Tools

Tools commonly used in the Oil Operators industry for day-to-day tasks and operations.

  • Drilling rigs
  • Mud pumps
  • Blowout preventers
  • Casing and tubing
  • Wellhead equipment
  • Artificial lift systems
  • Hydraulic fracturing equipment
  • Oilfield trucks and trailers
  • Oilfield cranes
  • Oilfield generators

Industry Examples of Oil Operators

Common products and services typical of NAICS Code 211120-05, illustrating the main business activities and contributions to the market.

  • Offshore drilling
  • Oilfield services
  • Oil exploration
  • Oil production
  • Oil transportation
  • Oilfield equipment manufacturing
  • Oilfield maintenance
  • Oilfield waste management
  • Oilfield safety services
  • Oilfield training and education

Certifications, Compliance and Licenses for NAICS Code 211120-05 - Oil Operators

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

  • API 510 Pressure Vessel Inspector Certification: This certification is required for individuals who inspect pressure vessels in the oil and gas industry. It is provided by the American Petroleum Institute (API).
  • OSHA 30-Hour General Industry Outreach Training: This training is required for workers in the oil and gas industry to ensure they are aware of the hazards and safety procedures. It is provided by the Occupational Safety and Health Administration (OSHA).
  • Hazardous Waste Operations and Emergency Response (HAZWOPER) Certification: This certification is required for workers who handle hazardous materials in the oil and gas industry. It is provided by the Environmental Protection Agency (EPA).
  • National Association Of Corrosion Engineers (NACE) Coating Inspector Certification: This certification is required for individuals who inspect coatings on equipment and structures in the oil and gas industry. It is provided by the National Association of Corrosion Engineers (NACE).
  • Certified Safety Professional (CSP) Certification: This certification is required for safety professionals in the oil and gas industry. It is provided by the Board of Certified Safety Professionals (BCSP).

History

A concise historical narrative of NAICS Code 211120-05 covering global milestones and recent developments within the United States.

  • The "Oil Operators" industry has a long and rich history dating back to the mid-19th century when the first commercial oil well was drilled in Pennsylvania. The industry has since grown to become a vital part of the global economy, with major advancements in technology and exploration techniques leading to the discovery of new oil reserves around the world. Notable milestones in the industry's history include the development of offshore drilling platforms in the 1930s, the creation of the Organization of the Petroleum Exporting Countries (OPEC) in 1960, and the introduction of hydraulic fracturing (fracking) in the 2000s. In the United States, the industry has faced numerous challenges, including the oil embargo of the 1970s, the Deepwater Horizon oil spill in 2010, and the recent decline in oil prices due to oversupply and decreased demand.

Future Outlook for Oil Operators

The anticipated future trajectory of the NAICS 211120-05 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Stable

    The future outlook for the Oil Operators industry in the USA is positive, with an expected increase in demand for oil and gas in the coming years. The industry is expected to benefit from the growing global population and increasing urbanization, which will drive demand for energy. Additionally, the industry is likely to benefit from the development of new technologies that make it easier and more cost-effective to extract oil and gas from the ground. However, the industry will also face challenges, including increasing competition from renewable energy sources and the need to address environmental concerns related to oil and gas production. Overall, the industry is expected to continue to play an important role in the US economy in the coming years.

Industry Innovations for NAICS Code 211120-05

Recent groundbreaking advancements and milestones in the Oil Operators industry, reflecting notable innovations that have reshaped its landscape.

  • Use Of Drones for Pipeline Inspections: Oil Operators are increasingly using drones to inspect pipelines, which can help to identify potential problems before they become major issues. This technology can also help to reduce the need for manual inspections, which can be time-consuming and expensive.
  • Advanced Seismic Imaging: Oil Operators are using advanced seismic imaging techniques to better understand the geology of oil and gas reserves. This technology can help to identify new reserves and improve the efficiency of extraction.
  • Use Of Big Data Analytics: Oil Operators are using big data analytics to improve the efficiency of their operations. This technology can help to identify patterns and trends in data, which can be used to optimize production and reduce costs.
  • Development Of New Drilling Technologies: Oil Operators are developing new drilling technologies that can help to extract oil and gas from hard-to-reach reserves. These technologies include horizontal drilling and hydraulic fracturing.
  • Use Of Renewable Energy Sources: Some Oil Operators are investing in renewable energy sources, such as wind and solar power, to diversify their portfolios and reduce their environmental impact. This trend is likely to continue as the demand for renewable energy grows.

NAICS Code 211120-05 - Oil Operators

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