Oil and gas industry is one of the backbone of not only the country’s economy, but also a driver of the economy in many different parts of the world. Oil is one of the most essential raw materials used in almost all other factors of production. The global economy cannot perform without the oil and gas industry which enable it to extract and refine petroleum. The oil industry has evolved for almost five thousand years where early inventors used oil to make boats waterproof in Middle East as well as painting.