Offshore
Upstream oil and gas operations identify deposits, drill wells and recover raw materials from underground. This sector also includes related services, such as rig operations, feasibility studies, machinery rental and extraction chemical supply. Platinum Samandy Ventures (PSV) is an example of a company that focuses on upstream services.
The offshore service provider would also provide various optional services which enhance the confidentiality and functionality of the offshore company. Such services include provision of individual and corporate directors, provision of nominee shareholders, mail and fax forwarding services, document custody and re-mailing services, telephone call handling services, bank account introductions. In some offshore jurisdictions the corporate service providers also assist the client through the more complicated matters of licensing the company to carry out some of the specifically regulated activities – offshore banking, offshore insurance, mutual funds, online gaming. To know more, please check Offshore services.
Onshore
Onshore refers to the mainland. In exploration and production, “onshore” refers to the development of oil fields, gas deposits and geothermal energy on land.
