Exploration & Production - E&P

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DEFINITION of 'Exploration & Production - E&P'

An E&P company is known to be in a specific sector within the oil and gas industry. Companies involved in the high-risk/high-reward area of exploration and production focus on finding, augmenting, producing and merchandising different types of oil and gas.

INVESTOPEDIA EXPLAINS 'Exploration & Production - E&P'

Exploration and production (E&P) is known as the upstream oil and gas industry. The resource owners and operators of E&Ps work with a variety of contractors such as engineering procurement and construction (EPC) contractors, as well as with joint-venture partners and oil field service companies. As E&P operators produce oil and gas, they also build infrastructure and collect massive amounts of data.

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