CALGARY – A Calgary-based seismic company claims its business is being undercut by regulatory agencies that have been publicly disclosing data it says it spent hundreds of millions of dollars to collect in Canada’s offshore.
Geophysical Service Inc. makes — or rather made — its money by mapping the earth’s layers beneath the ocean floor using sonogram-like technology, amassing a trove of valuable information that it would sell to oil and gas companies hunting for their next big find.
In a bevy of lawsuits, GSI says would-be customers have been getting hold of that data for free after files it submitted as part of the regulatory process — a required step in obtaining a permit to do the mapping — were improperly released.
GSI claims its intellectual property rights have been violated and its assets have been expropriated without compensation, rendering its data all but worthless.
The allegations have not been proven in court.