This form is used when the Parties agree and shall contribute all proprietary seismic data and all non-proprietary seismic data affecting the Contract Area in its possession as of the effective date of this Agreement, to the extent the data is not restricted by confidentiality or licensing agreements with third parties. It is specifically understood and agreed that each Party has the right to sell, trade, and/or otherwise market seismic data involving the Contract Area which was in its possession prior to the effective date of this Agreement, and the benefits and advantages, including monetary consideration, which it receives as a result of those activities shall be the sole property of the party who owns the data.
Delaware Seismic Data and Operations encompass a comprehensive set of activities, technologies, and data relating to seismic exploration and monitoring in the state of Delaware, USA. Seismic data refers to the measurements and recordings of vibration waves generated by various energy sources to investigate the subsurface structures, primarily for petroleum exploration and environmental applications. These seismic operations are vital in understanding the geology, potential reserves, and mitigating risks associated with drilling activities. In the context of Delaware, there are several types of seismic data and operations: 1. Reflection Seismic Data: This type of seismic data involves generating seismic waves and recording their reflected signals to determine the subsurface geological formations, such as sedimentary layers, fault zones, and potential hydrocarbon-bearing structures. Reflection seismic data plays a crucial role in oil and gas exploration, providing insights into Delaware's underground hydrocarbon reservoirs and facilitating the identification of potential drilling locations. 2. Refraction Seismic Data: Refraction seismic data is used to analyze the velocity and direction of seismic waves as they travel through different layers of the Earth's subsurface. This data aids in understanding the depth and density variations within Delaware's lithological structures, assisting in geological mapping, identifying potential aquifers, and characterizing the stability of land for construction projects. 3. Microseismic Monitoring: Microseismic monitoring involves the continuous recording and analysis of low-magnitude seismic events that occur naturally or as a result of human activities, such as hydraulic fracturing (fracking). This technique helps assess the effects of fracking on the stability of underground formations and provides information on potential seismic hazards in Delaware. 4. Borehole Seismic Data: Borehole seismic data involves acquiring measurements from sensors placed in wells, providing detailed information about the subsurface layers, formation properties, and fluid content. This data enhances the accuracy of seismic interpretations and facilitates the correlation between surface and subsurface data, enabling more precise reservoir characterization and reservoir management in Delaware. 5. Seismic Data Processing and Interpretation: Once seismic data is acquired, it undergoes extensive processing and interpretation techniques to extract meaningful geological information. Various algorithms and software are employed to enhance data quality, remove noise, and identify geological features accurately. Skilled geophysicists and interpreters analyze the processed data to generate structural maps, identify potential reservoirs, and refine drilling targets. The Delaware Seismic Data and Operations framework combines state-of-the-art technologies, specialized equipment, industry expertise, and robust data management systems to ensure accurate and reliable subsurface characterization. These operations help the petroleum industry better understand Delaware's geology, optimize exploration efforts, secure energy resources, and minimize environmental impacts through effective seismic planning and monitoring.
