This paper reviews the progress1 on development of a new set of international standards for equipment, materials and offshore structures for the petroleum, petrochemical and natural gas industries. The prime source of these standards are ISO Technical Committee 67 (ISO TC67), which have been active for the last fifteen years and by end of 2004 will have delivered more than 110 standards for the use of the industry. About 2/3 of the ISO standards are developed on the basis of familiar API specifications and the remaining 1/3 on other industry documents. These standards cover a wide area within the exploration and field development and many different disciplines from offshore platforms to facilities design standards, drilling equipment, well cement and steel pipe for pipelines etc. More than 1000 international experts are contributing to the development and maintenance of these standards. There is also an interpretation process in place. So we may truly speak about world class documents, significantly facilitating global trade. The paper also describes the valuable cooperation with American Petroleum Institute (API) and Committee for European Standardization (CEN), which have adopted 37 and 67 respectively of the new ISO standards. The paper reviews the OGP Standards Committees (OGP SC) activities and also workshops arranged in Brazil, Russia, China and Denmark to solicit support for and promote the use of the new ISO standards. China became member of World Trade Organization (WTO) at the end of 2001, and has launched an active campaign to adopt the new ISO standards for petroleum, petrochemical and natural gas industries

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