ExxonMobil has joined the Petroleum Industry Data Exchange, Inc. (PIDX), which will allow it to help drive the agenda for the development of PIDX standards to meet the digital integration needs of all buyers, suppliers and eCommerce Networks in the oil and gas industry, PIDX said.
“Digital transformation and interoperability is on the immediate agenda of all companies in oil and gas,” Chris Welsh, chairman of the PIDX board, said in a statement. "PIDX International welcomes ExxonMobil as a member and looks forward to its contribution in developing a new wave of standards required to support the industry.”
PIDX is an “enabler” of discussions wherever there is interest or energy within the oil and gas industry for new electronic business opportunities to facilitate industry wide solutions or standards.
“The digital era presents a growing opportunity to make the exchange of information with our customers and our supply exchange partners more efficient,” added Marc Lalonde, Digital Transformation Order Fulfillment Fuel Lead at ExxonMobil. “Indeed, digitization is now ground zero for the optimization of most, if not all business processes.”
Based in Houston, PIDX standards serves both the upstream, midstream and downstream segments of the oil and gas industry. PIDX as a platform is able to capture and facilitate whatever electronic business initiatives arise from its members that need a proper legal and anti-trust framework to govern cooperation and collaboration between member companies, the organization said.
Benefits of membership for ExxonMobil includes participation on the executive committee, opportunities to sponsor projects, help steer the direction of PIDX, and contribute to lasting oil and gas standards.
“At ExxonMobil we recognize the value of an industry trade association like PIDX in developing and promoting industry standards and protocols as the backbone for the exchange of information,” said Lalonde.