Saudi Arabian Chevron, Inc. (SAC) established a robust, evergreen Intellectual Property Program to manage its intellectual property assets across the onshore portioned zone. The program applies Chevron's intellectual property asset management system and accounts for government regulations and specific intellectual property provisions for company operations in the region.
Building on Chevron's information risk management principles, SAC intellectual property program has been deployed progressively in both Mina Saud (SAC Base) and Wafra Joint Operations. The number of patent applications in addition to the number and quality of external technical publications have improved significantly as a result of the program implementation in 2012. Since it was initiated, an increased appreciation of intellectual property rights by employees and contractors was realized as a result of the intellectual property training and awareness programs.
The paper describes the intellectual property program and how it has been customized to meet SAC strategic business requirements while creating mutual value and consensus internally and with different stakeholders.
This paper is intended to serve as a reference for strategic business units and small energy enterprises that are in the process of initiating, planning, executing, or monitoring their own intellectual property management programs.