Seismic Data Management
Divestco manages seismic data on behalf of owners of seismic data libraries and oil companies. Some oil companies prefer to outsource the management of their proprietary seismic information so they can focus their energies on the development of oil and gas reserves. In managing a company’s seismic data, Divestco provides a sample print of the applicable seismic information to an interested party for inspection. If a sales results, Divestco ensures that all necessary copies of the information are correctly prepared by the various suppliers and then delivered to the purchaser. Divestco invoices the purchaser and credits the vendor. It is also responsible for collecting and dispersing the monies from the transaction and for ensuring that appropriate license agreements are prepared for each transaction.