Rights, Privileges, Responsibilities and Obligations of Seismic Data Ownership
This one-day course identifies and clarifies the unwritten rules practiced in industry as it pertains to seismic data ownership. The course will also identify and address subtle nuances where current standard industry practice is not uniform. The attendee will develop the insight to make their own informed decisions on these matters. The course will focus upon the rules, rights, privileges, responsibilities and obligations of seismic data ownership and their ramifications, permissions and limitations as related to specific business situations.
A sampling of the topics discussed in this seminar include:
- The Do’s and Don’ts of Data Quality Inspections
- Releasing Data for Sale
- Data Room Practices
- Seismic Data Licensing Agreements
- Partner Obligations and Responsibilities
- Data Archival Obligations for Frontier Datasets
- Third Party Data Licensing Agreements
- Speculative Survey Transfer Fees
- Copying Data and Maps
The seminar will also bring these rules and obligations to life for the attendee through the use of common business case scenarios involving seismic data. Some of the business context situations to be discussed will be corporate acquisitions, property divestitures, farm-outs, seismic review options, show & tells and seismic data sale transactions.
This course is of particular interest to technologists, professionals and managers who may not work directly with seismic data but are involved in numerous business situations involving seismic data. Land personnel, geologists, engineers and even geophysicists will all benefit from the clarity provided about these previously unwritten rules governing seismic data in the industry. Course notes will be provided.