The Value in Licensing Seismic

  • Exponential cost savings to license data vs shooting data 
  • A good tool for reserve and resource estimations
  •  Continuation of PNG leases/licenses
  • Allows technical evaluations of areas of environmental sensitivity where there are restrictions from a government point of view as well as surface landowners for acquiring new data
  •  No new environmental/ carbon footprint
  • Quick access, as the data can be loaded onto your work station in a matter of days vs months from new data
  • Reduce drilling risk of sinkholes and faults
  • Reduction of strat well drilling
  • Identify new drilling prospects
  • Template key competitor wells and discover a seismic signature expectation
  •  The data can support forward models derived from key well logs
  • Regional Evaluation/ context  respect to the regional depositional environment
  • Subcrop edge mapping, which may support MLE requirement submissions within Thermal areas       
  • “license it while it is available – partners change and area geophysicists move and therefore so does access to data”
  • Reservoir characterization
  • Target the azimuth of a horizontal well
  • Improved GeoSteeringto “stay in the zone” for drilling horizontal wells
  • Assessment tool for ‘triggered seismicity’ (by identifying any basement rooted faults near your hz. completion or near your disposal/injection well
  • Help risk assessment for ‘containment breach’ (like caprock failure in the oil sands)
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