Operators need industry-wide standardization to manage the $3 trillion in CAPEX expenditure forecast for 2018-2025 (Global Data, 2018), while maintaining competitiveness and mitigating risks.

With the backing of the World Economic Forum, Joint Industry Program 33 (JIP 33) was initiated to drive industry-level standardization for procuring equipment items, moving the industry structurally – across the value chain - towards common engineering designs and solutions, established by means of cross-company and value-chain collaboration.

Over 40 standard specifications have been delivered to date. Their adoption by 12 major operators is being measured and is progressing well. This enables the program to capture and evaluate successes, challenges, key learnings and feedback. The program has also established a process for future maintenance of JIP33 specifications in order to achieve sustained benefits.

In the years to come the JIP33 program will continue to develop more new specifications, expand the scope of existing specifications and work with Standards Development Organizations to move valuable JIP33 content into the underlying parent standard.

This paper will present the current status of the JIP33 program and showcase some of its early successes, challenges and learnings.

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