1 / 3

Barriers to Licence Trading

Explore barriers to oil licensing, data availability challenges, and release proposals for increased transparency. Learn about pre-emption and security measures, DTI limits, and the emphasis on swaps. Discover current data availability status and proposed release timelines.

belle-parker
Télécharger la présentation

Barriers to Licence Trading

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. PP/45/01 Barriers to Licence Trading • Pre-emption • Security for Abandonment Liabilities • Technical data availability • DTI limits on obligation wells • Emphasis on swaps disadvantages new entrants and smaller players

  2. Data Availability : Current Status • Wells – all raw data held by DTI, made available after 5 ½ years; token cost • Proprietary Seismic – dispersed, but can be made available after 5 ½ years; should be cost of reproduction • Spec seismic – available from contractor, at his price • Interpreted data – not generally available

  3. Data Release Proposal • For mature areas only, North Sea & Irish Sea, release data earlier : - • Well data – release two years after completion • Proprietary seismic – release two years following initial processing • Spec seismic – rights to remain with contractors • Interpreted Data – all data and reports to be made available following CoP, and the onus to be on licensees to inform DTI that they wish to withhold reports from publication

More Related