Done Deals

Schlumberger, Decision Strategies, TGS-Nopec, Quest, Acorn, Aker, Fugro, HSE, Boots & Coots, IDS, Global Energy Services, Perficient, Roxar, RPS Group, Sense EDM, Triple Point, Invensys, Petrosys, ION and KBR.

Schlumberger has acquired Integrated Exploration Systems (IES). IES’ Aachen, Germany location will become a Schlumberger center of excellence for petroleum systems modeling.

Decision Strategies is to acquire oil and gas consultants RMI, in what is described as the first of several planned acquisitions for 2008.

TGS-Nopec has acquired the staff and assets of Center Line Data Corporation. The purchase price included approximately US $5 million in cash and 30,600 shares of TGS.

Quest Energy Services (a subsidiary of Al-Qahtani Marine & Oilfield Services) has acquired the outstanding common shares of Production Enhancement Group.

CGGVeritas’ manufacturing unit Sercel has acquired Metrolog, a provider of high pressure, high temperature gauges and downhole instrumentation.

Acorn Energy is to acquire Software Innovation—developer of the Coreworx tool for capital project collaboration.

Aker Solutions has signed a contract with Shell Deutschland for engineering services on refineries in Germany. The five year contract is worth around €100 million.

Fugro has acquired satellite mapping specialists NPA.

Halliburton is to acquire the remaining 49% of its WellDynamics joint venture with Shell Technology Ventures.

HSE Integrated and Boots & Coots International Well Control are to create a jointly owned company, Boots & Coots HSE Services, to provide oilfield safety services.

Independent Data Services has partnered with Global Energy Services to offer a ‘seamless, integrated hardware/software package for well site rig activities.’

Invensys has made it back into the FTSE 100 Index. The company’s classification has moved from ‘Electronic Equipment’ to ‘Software.’

Perficient has announced an expansion of its credit facility with Silicon Valley Bank and KeyBanc Capital Markets of up to $75 million. The new line of credit permits stock buybacks of up to $50 million.

Petrosys has appointed Fugro-Jason as business partner for the Commonwealth of Independent States (CIS). The company has also signed an agency agreement with Reservoil, an oil country supplier on the Indian subcontinent.

Global Geo Services has spun-off the majority of its seismic business to a wholly owned subsidiary, Spectrum ASA—valued at MNOK 275.

Roxar reports a software sale to a ‘major operator in the Asia Pacific region’ with a $10 million value over three years.

RPS Group has acquired the Geocet consultancy in a $2.3 million cash transaction.

Sense EDM is to acquire Wellquip for NOK 70 million cash plus an contingent earn-out of NOK 20 million.

Triple Point Technology has acquired Investment Support Systems, a supplier of treasury management and regulatory compliance solutions.

ION (previously Input/Output) has teamed with Moscow-based Largeo to offer seismic data processing services to the Russian market.

KBR and its Granherne and GVA units have been awarded a front end engineering and design contract by BP for offshore projects across the globe.

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