IHS acquires ODS-Petrodata

Offshore staff

ENGLEWOOD, Colorado – IHS Inc. says it has acquired ODS-Petrodata, a 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 CEO 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.”

“ODS-Petrodata is an excellent fit within the existing IHS energy business,” said ODS-Petrodata President and CEO 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.

04/18/2011

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