Oil and Gas Infrastructure

Abstract

Oil and gas infrastructure is vast and diverse, occupying an integral position in the global economy. Without such infrastructure, the majority of fuel needed to light, heat, and cool homes and businesses and to power transportation and industry cannot be produced and delivered to markets and consumers. In this sense, infrastructure is the lifeblood of the oil and gas industry. Oil and gas infrastructure encompasses a myriad of assets, including pipelines, drilling platforms, refineries, terminals, processing plants, and storage facilities, most of which are massive and expensive industrial complexes found in all corners of the world. Such assets can yield significant economic benefits, but they also present numerous challenges, not the least of which are operational, environmental, and political in nature.