Seismic Licensing: Has Technology Outstripped the Forms?

April 25, 2000

Outline of the Publication

  • Intoduction: The Legal Issues in Seismic Licensing are Created by Technology and Economic Forces
    • Current issues in seismic licensing are driven by the following factors
    • Consequences of these factors include the following
    • Defining questions
    • Current form licensing agreements
    • Changes required to the model license
  • Competition for Capital: The Oil and Gas Industry's Losing Struggle
    • The different universe of dotcoms; the example of; snapshot on March 13, 2000
    • as proxy for the problems of oil and gas service companies in competing for capital
    • El Paso/Coastal as proxy for oil and gas companies
    • Veritas as proxy for seismic service companies
    • Consolidation and the relentless pressure for cost reduction: the ExxonMobil example
  • Why Service Companies Own The Recent Seismic Data
    •  Background
    • The economics of seismic data
    • Processing
    • Multi-client 3-D business model
    • Transfers of properties
  • Creating Seismic Data
    •  Why seismic matters
    • Land seismic system description
    • Marine system description
    • Processing
    • Technological development
    • Land challenges: Orinoco hypothetical
    • Marine challenges: Gulf of Mexico
  • Multi-Component Data: An Example of The Problems in Seismic
  • Structure of License Agreements
    • The four quadrants of information
    • Elements of a multi-client data use license
  • Case Law - Not Many Reported Opinions

For the complete publication please download the PDF below.

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