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Industry Standards Part 2 – PIDX
Petroleum Industry Data
eXchange
Theglobaloilandgasindustryisatleastacenturyold
butthetechnologyusedtofind,evaluate,process,refine,
distribute,andtradeiseverchanging.Overthepast20
years,themultitudeofdataprocessingand
communicationnetworksusedbytheindustryhas
consolidatedintoeBusiness.ThePetroleumIndustry
DataExchangeInternational(PIDXInc.)isthenon-
profitstandardsbodyfore-commerceintheglobaloil
andgasindustry.Anindustry-managedbody,its
missionistoprovideaglobalforumtodiscuss
standards,solutionsandapplicationsforinformation
technologythatstreamlineandsupportelectronic
commercebetweenorganizationsintheoil,naturalgas,
commoditiestradingandeCommercebusiness
communities.
Theoilandgasindustryconsistsroughlyoftwosectors,
upstream,theexplorationandextraction,and
downstream,theprocessingandtradingofoilandgas.
Takingintoaccounttheglobalnatureofthebusiness,
varietyinlanguages,cultures,politicalenvironments
andbusinesspractices,implementinguniforme-
commercestandardsisanecessarychallenge.That’s
wherePIDXcomesin,bringingsolutionsthatfocuson
boththeupstreamanddownstreamsectorsofthe
industry,facilitatingandadvisingbestpracticesinoil
andgas,fromexplorationandrefinementallthewayto
tradeandsaleonthemarket.
PIDXisavoluntarymembershipgroupconsistingof
operators,suppliers,technologyproviders,andother
organizationsinvestedinreliableandefficiente-
businessindustrystandards.
Thesemembersformthecommitteesthatdevelop
proposedsector-wideandindustry-widestandards.
PIDXisgovernedbyindependentboardmadeupof
member-representativeselectedfromparticipating
PIDXcommitteecompanymembers.PIDXstandards
andpublicationsarebytheindustryfortheindustry.
PIDXpublishesthesestandardsinmultiplelanguages
overmultipleplatformstoprovideaforumforall
industrystakeholderstoparticipateinthedialogueover
industrystandards.Standardspublicationsarefreeof
charge.PIDXalsohostsandfacilitatesregional,
national,andinternationalmembershipmeetings,
educationalworkshopsandindustryconferencesaround
theglobetoconnectmembersandrelevantpartiesand
buildnetworkedcollaborations.
Intoday’slightning-fastworldofe-commerce,the
varietyandsheernumberofplayersonthefieldcanlead
toindustrydrift,duplicatingeffortsandcausing
unwantedredundanciesinthewaybusinessis
conductedelectronically.PIDXaddressesthisriskhead
onbyintegratingstakeholderswiththeexperienceto
keeptheindustryunifiedunderstandardsthatmake
senseforthefirmsintheindustry.