New opportunity for seismic data owners to increase funds through licensed sales
SeismicZone.com online data marketplace launched its first microsite for seismic data owners to market their proprietary data from their own corporate website. Seismic data owners can visually showcase their data libraries on interactive maps specific to their proprietary data, a new option for the resale market.
As companies seek ways to be efficient within constrained budgets, more data owners and purchasers are beginning to adopt the process of online transactions over traditional methods for marketing seismic data. Quality inspection and many of the other aspects of a data purchase can easily be handled via e-commerce, a major paradigm shift for the seismic data resale market.
Now that companies have to look for creative ways to get more revenue, SeismicZone.com provides a simple alternative for data owners to sell their data faster by marketing to a global audience more quickly online. Seismic buyers in turn benefit from the cost savings of online transactions. The SeismicZone ecommerce site features 2D and 3D data available for purchase around the globe and has more than 5,000 visitors each year and growing.
“We anticipated that the industry would embrace the idea of an online marketplace, especially companies who are active in the seismic data resale market,” stated President and CEO Steve Darnell. “In the current environment, many are in a situation where they have to explore every avenue for saving time and money. We are pleased that SeismicZone.com can provide an avenue of return for our clients and have been working hard to address the needs of data owners and purchasers alike to create the best experience for both sides of the resale market.”
SeismicZone.com is a public website, open for anyone to see where data is available for license and request to receive updates as data is added to their area of interest. In order to view quality inspection images, visitors must become registered users for the site. To educate the industry on the savings and revenue potential with online data purchases, Katalyst will host webinars beginning in May that focus on common challenges for data owners. For more information on the next webinar, visit SeismicZone.com.
Katalyst Data Management provides a complete data management solution assisting oil and gas companies with the difficult challenge of managing the vast amount of subsurface data and information acquired for exploration and production. Katalyst’s end-to-end solution includes every step in the process, from data capture and verification, to data storage and organization, to marketing seismic data online. Katalyst’s signature offerings include the web-based iGlass solution for subsurface data management and the ecommerce site SeismicZone.com for data marketing.
Steve Darnell, President and CEO
Katalyst Data Management
Trish Mulder, Director, SeismicZone
Katalyst Data Management