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IHS Acquires ODS-Petrodata

Source: www.gulfoilandgas.com 4/18/2011, Location: North America

IHS Inc., the leading global source of information and analysis, announced it has acquired ODS-Petrodata, a premier provider of data, information and market intelligence to the offshore energy industry. "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.

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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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