IHS Acquires ODS-Petrodata

ENGLEWOOD, Colo.--(BUSINESS WIRE)--IHS Inc. (NYSE: IHS), the leading global source of information and analysis, today announced it has acquired ODS-Petrodata, a premier provider of data, information and market intelligence to the offshore energy industry.

“It brings a highly synergistic product line to our existing energy business, strengthening our presence with operators, contractors, oil service companies, equipment financing companies and equipment manufacturers.”

“The acquisition of ODS-Petrodata gives IHS customers in the energy industry critical information-driven solutions to manage the significant investments needed to explore, develop and produce offshore assets,” said IHS Chairman and Chief Executive Officer Jerre Stead. “It brings a highly synergistic product line to our existing energy business, strengthening our presence with operators, contractors, oil service companies, equipment financing companies and equipment manufacturers.”

Founded in 2002, ODS-Petrodata is a leading provider of energy information covering rigs, offshore field construction and marine support vessels that support critical commercial decision-making in the energy market. The company brings together more than 35 years of offshore data built on the legacies of its predecessor companies, and provides companies operating in the offshore oil and gas arena with an independent, authoritative source for market intelligence, data, market research and consulting services. From its original strength in offshore rig data and information, ODS-Petrodata has expanded into field development, marine and renewable energy data. In addition, the company offers a range of applied research and forecasting across these market segments on a consulting basis. ODS-Petrodata has offices in Oslo, Aberdeen, Singapore, Houston and Dubai.

“ODS-Petrodata is an excellent fit within the existing IHS energy business,” said ODS-Petrodata President and Chief Executive Officer Per Christian Grytnes. “Our products and services extend IHS offerings to the upstream energy sector through provision of high quality data and research across the range of critical, high value offshore markets such as drilling rigs, marine and seismic vessels and field development operations.”

Financial terms of the acquisition were not disclosed. Additional information about the transaction will be provided at the previously announced IHS Investor Day conference on Wednesday, May 4, 2011.

About IHS (www.ihs.com)

IHS (NYSE: IHS) is the leading source of information and insight in pivotal areas that shape today’s business landscape: energy, economics, geopolitical risk, sustainability and supply chain management. Businesses and governments around the globe rely on the comprehensive content, expert independent analysis and flexible delivery methods of IHS to make high-impact decisions and develop strategies with speed and confidence. IHS has been in business since 1959 and became a publicly traded company on the New York Stock Exchange in 2005. Headquartered in Englewood, Colorado, USA, IHS employs more than 4,400 people in more than 30 countries around the world.

About ODS-Petrodata (www.ods-petrodata.com)

ODS-Petrodata (ODSP) is committed to delivering high-quality market intelligence, data, publications and analysis tools to the energy sector. It emphasises quality, timely delivery and perceptive analysis to understand complex energy equipment markets. ODSP has been providing market intelligence to the upstream oil and gas industry since 1973. In addition to data, forecasting and news products, ODSP offers powerful web database tools for tracking and analysing the offshore rig, field development, marine, seismic and offshore wind markets. Through an industry initiative, it has also developed the Market Survey System to provide comprehensive market insight to support oil company decision making, strategic planning and business development.

IHS is a registered trademark of IHS Inc. All other company and product names may be trademarks of their respective owners. Copyright © 2011 IHS Inc. All rights reserved.