Energistics Reports Record Number of New Members in 2018

HOUSTON, Nov. 14, 2018 /PRNewswire/ -- Energistics Consortium Inc. is pleased to announce the thirteenth new member to join the Consortium in 2018 for a total of 111 member organizations.

The record number of new companies joining in the development and adoption of upstream data exchange standards correlates well with the improving business environment for operators, oilfield service companies and technology companies active in oil & gas.

The push for Digital Transformation and the growing interest in Data Analytics, Machine Learning and Artificial Intelligence have all contributed to an increased awareness of the need for trusted data in order to deliver high confidence results when using these new solutions. At the same time, the emphasis on collaboration and partnerships across the industry to reduce risks and control costs has resulted in a strong growth in data sharing and exchanges. The Energistics standards allow companies to measure and convey the quality of the data they are using, thus reducing the time spent in data validation and correction, while also increasing confidence in the result.

"The very positive trend of new memberships over the past year testifies to the critical role of data exchange standards in support of the digital goals of the industry," said Ross Philo, president and CEO of Energistics, "the diversity of our membership is the guarantee that the solutions that are developed address the needs of all stakeholders in the upstream oil and gas industry."

A full list of member organizations can be found at www.energistics.org/category/members.

About Energistics
Energistics is the leading upstream oil and gas industry's data standards body. We are a global, non-profit consortium established over 25 years ago to bring together industry professionals in a neutral and collaborative environment to develop and deploy open data exchange standards and to address oil and gas information sharing challenges. Our members consist of integrated, independent and national oil companies, oilfield service companies, hardware and software vendors, system integrators, regulatory agencies and the global standards user community. 
For more information, visit our website at www.energistics.org.

Note to the Editor
Energistics Consortium Inc. is a non-profit standards development organization founded 26 years ago to provide the actors in the upstream oil & gas industry with a structure to develop, maintain and distribute data exchange format standards. The fast pace of digitalization of the oilfield these past 15 years has accelerated the interest in the consortium's activity. With well over 100 companies as members, the goal of deploying data standards for the safe operation of remote drilling and production facilities becomes a reality. The transfer of data across different software platforms also supports advanced collaborative scientific and engineering workflows. 

Consortium members include super-majors ExxonMobil, Shell, Chevron, BP and Total, NOCs Saudi Aramco, Statoil, Petronas and Petrobras, independents Devon, Pioneer and Woodside, oilfield service companies Schlumberger, Halliburton, Baker Hughes-GE and Kongsberg and numerous software and data technology companies, to name but a few.

SOURCE Energistics

Related Links

http://www.energistics.org