XML, It's Where eBusiness Technology Is Headed.
Will You Be Ready For It?

The use of the Internet to exchange electronic business documents (eBusiness) is growing exponentially. Organizations engaged in eBusiness are quickly converging on the use of XML as the best way to exchange information. The reason for this is that XML, a standard defined by the World Wide Web Consortium (W3C), is a simple, easy to grasp method of encoding information in plain text. In addition to being a very sound means for moving data over the Internet, XML files provide a good way of moving data between applications.

The power of the growing XML marketplace affords the oil and gas community the opportunity to leverage the XML organizations and software that are being created to tremendous advantage. By adopting this new technology, the industry can lower the cost of maintaining and exchanging E&P information and more easily exploit the Internet revolution to greatly improve the efficiency of doing business.

POSC is actively working on a number of XML-oriented projects. See the XML Projects at POSC page for an overview of projects which have published information available.

In addidion, we are in various stages of working on the following areas:

• Seismic and potential fields
• Well schematics
• Drilling reporting

If you would like to participate in any of the POSC XML work or would like to suggest subject areas to be developed, please contact ebiz@posc.org.

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