SIC Code 1382-03 - Oil & Gas Exploration & Development
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SIC Code 1382-03 Description (6-Digit)
The Oil & Gas Exploration & Development industry involves the search for underground or underwater oil and gas reserves, as well as the development of these reserves into usable products. This industry is crucial for meeting global energy demands and is responsible for the discovery and extraction of fossil fuels that power our daily lives. Companies in this industry use advanced technology and techniques to locate and extract oil and gas reserves, often in remote and challenging environments. The industry also includes the transportation and refining of these resources into usable products such as gasoline, diesel, and jet fuel.
Hierarchy Navigation for SIC 6-Digit Code 1382-03
Parent Code (less specific)
Tools
- Seismic imaging equipment
- Drilling rigs
- Mud pumps
- Casing and tubing
- Blowout preventers
- Wellhead equipment
- Logging tools
- Perforating guns
- Hydraulic fracturing equipment
- Production tubing
- Artificial lift systems
- Pipeline inspection tools
- Subsea production systems
- Reservoir simulation software
- Directional drilling tools
- Measurement while drilling (MWD) tools
- Loggingwhiledrilling (LWD) tools
- Wireline tools
- Coiled tubing units
- Cementing equipment
Industry Examples of Oil & Gas Exploration & Development
- Offshore drilling
- Onshore drilling
- Hydraulic fracturing
- Oil sands extraction
- Natural gas processing
- Oil and gas transportation
- Refining and petrochemicals
- Oil and gas exploration
- Seismic data analysis
- Pipeline construction
SIC Code 1382-03 - Oil & Gas Exploration & Development
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