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upstream

   Also found in: Dictionary/thesaurus, Medical, Acronyms, Encyclopedia, Wikipedia 0.01 sec.
Upstream
Operations stages in the oil and gas industry that involve exploration and production.

Notes:
Most oil companies are known as "integrated" because they combine upstream activities with downstream operations, which take place after the production phase through to the point of sale.

See also: Commodity, Upstream
upstream
Of or relating to earnings or operations at a firm that are near or at the initial stages of producing a good or service. For example, exploration and production are upstream operations for a large integrated oil company. Compare downstream.
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