API formalizes POSC relationship

The Petroleum Open Software Corporation (POSC) will now cooperate with the American Petroleum Institute (API) on the development of e-business standards.

The American Petroleum Institute (API) has ‘formalized’ the relationship between its Petroleum Industry Data Exchange (PIDX) unit and the Petrotechnical Open Standards Consortium (POSC). The bodies are to work together to ‘develop and support technology-neutral electronic business and data standards for the oil and gas industry’.


POSC and PIDX have been working on industry standards for over ten years. POSC’s traditional focus has been in technical data definition and usage in the upstream. PIDX has hitherto focused on inter-company electronic transaction formats.


PIDX also recently contracted Logistics Management Institute (LMI) to develop its XML business standards. LMI is to augment PIDX volunteer technical support to maintain existing PIDX XML standards, develop new standards, and track the work of other standard organizations on behalf of PIDX.

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