Based on the renowned Process Classification FrameworkSM (PCF), the Upstream Petroleum PCF is customized to define processes used within Upstream Petroleum organizations around the world. The petroleum industry is represented by two process frameworks - Upstream and Downstream. The demarcation of where the Upstream PCF ends and Downstream takes up has been established as the point at which custody of the hydrocarbons is handed over (transferred) to a point of sale for distribution.
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