API 12
API 12 : American Petroleum Institute. Founded in 1920, this national oil industry trade association maintains a headquarters office in Washington, D.C., and a Production Department office in Dallas, Texas. It is also used as a slang expression for a job well done (that work is strictly API), or for utter confusion (it's API today, two engines are down). Standards for many items of drilling and producing equipment are produced by industry committees of the Production Department, including specifications for wire rope and solid wire line. (WLOP)
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