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Are individual patches aggregated into a patchset?Yes
for more information, read below
Starting with the release of the 220.127.116.11 patch set for Oracle Database 11g Release 2, Oracle Database patch sets are full installations of the Oracle Database software. Note the following changes with the new patch set packaging:
* Direct upgrades from previous releases (11.x, 10.x) to the most recent patch set are supported.
* Out-of-place patch set upgrades, in which you install the patch set into a new, separate Oracle home, are the best practices recommendation. In-place upgrades are supported but are not recommended.
* New installations consist of installing the most recent patch set, rather than installing a base release and then upgrading to a patch release.
My Oracle Support note 1189783.1, "Important Changes to Oracle Database Patch Sets Starting With 18.104.22.168", available from the following URL: