THE CASE FOR STANDARDS
The E&P industry faces business challenges in this downturn that technology can help to resolve. Implementation and seamless operation of this technology is difficult because of various, incompatible data formats.
A global, industry-wide set of freely available and vendor-neutral technical data exchange standards for key data along the entire E&P value chain can solve these data incompatibility problems. They facilitate the fast, efficient implementation and operation of technology which in turn will help E&P companies by improving efficiencies and business processes while lowering their costs.
Realizing the benefits of standards requires widespread adoption and implementation by the industry.
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