International Energy Quarterly ReviewQuality Goals, Investment Review and Quality Projects – Q3, 2010

Quality Goals – Q3, 2010

At IHS we understand the value of information quality and are committed to communicating with you to drive our quality initiatives forward. We are pleased to present our third quarterly report on the progress of our International Energy Quality Goals.

IHS launched our inaugural set of Quality Goals in September 2009 and since then we have completed six of them, added three more and made some significant progress in the others. The dashboards below report our current progress.

Quality Goals Progress, Q3 2010

1 By the end of Q4 2010, 80 percent of new bidding blocks will be entered within five days of the bidding round start date.Quality Type: Currency

2 By the end of Q4 2010, 90 percent of new contracts as a result of a bidding round will be entered within five days of the public announcement.Quality Type: Currency

3 By the end of Q4 2010, 90 percent of the main field and reservoir attributes will be populated for all the fields in the International database.Quality Type: Completeness

4 By the end of Q4 2010, 90 percent of the most significant oil and gas discoveries will be entered in the database within five business days after public availability through press release or published in IHS online products.Quality Type: Currency

5 By the end of Q2 2010, 99 percent of the main midstream facilities attributes will be populated.Quality Type: Completeness

6 By the end of Q2 2010, 90 percent of well spatial attributes will be populated and their consistency validated.Quality Type: Completeness

7 By the end of Q4 2010, 80 percent of ages associated with lithostratigraphic units within each well will be consistent.Quality Type: Consistency

8 By the end of Q2 2010, 95 percent of Electric Plants will have a Co-ordinates Qualifier.Quality Type: Completeness

95

Q22010Goal

56

Q12010

50% 100%80

Q22010

98

Q32010

GoalMet

80

Q42010Goal

65

Q32010

0% 100%

90

Q22010Goal

60

Q12010

0% 100%80

Q22010

GoalMet

99

Q22010Goal

93

Q32009

90% 100%98

Q22010

GoalMet

60%

Q42010Goal

70

Q32009

100%

Q3 2010 status is 90%

90

60% 100%80

Q42010Goal

65

Q42009

85

Q22010

90

Q32010

70% 90

Q42010Goal

80

Q32010

100% 94

Q22010

60% 100%90

Q42010Goal

65

Q32009

80

Q32010

1

2

Investment Review

The IHS international energy business was founded over 50 years ago making it the oldest and largest business of its kind in the world. Our commitment to international energy has never been stronger and in 2010 we increased our budget in this area by 35%. By investing in and improving our people, technology and processes we can deliver the highest quality, most reliable and useful information to you.

Ultimately, our goal is to help you make the most accurate and informed business decisions you can possibly make.

The pillars of our investment are:• Strengthened technical capabilities• Increased regional presence• Increased data acquisition • Implementation of quality goals and metrics

Strengthened technical capabilitiesA substantial portion of the investment in international energy is aimed at high-grading our technical capabilities with the objective of improving the depth and breadth of our global coverage of E&P activities.

Over the last 18 months we have added 34 new colleagues and we plan to add as many or more colleagues in the next 18 months. These resources will enable us to strengthen our regional teams, for example:

Far East Region transformation:• More than doubled the size of the team, making it the

largest in the history of IHS, IEDS or Petroconsultants• Appointed a new regional director• Increased local knowledge in China, Indonesia

and Malaysia• Strengthened technical capabilities with new tools

and resources

Furthermore we can now improve the quality of our currentproduct suite and offer new products such as:• Regional Unconventional Resources Studies • License Round Monitor• Farm-in/Farm-out opportunities• Regional E&P strategy maps• Prospects Module

Increased data acquisitionAcquiring and applying our quality processes to the data you need every day is the most important thing we do at IHS. With this in mind we have increased our International data acquisition budget by 25% which has allowed us to source a significant amount of high value information from government agencies and through our network of more than 70 in-country representatives. Recent acquisitions include:• Iraq well dataset• Russian datasets• Indonesian datasets

International Energy Quarterly Review / Quality Goals, Investment Review and Quality Projects – Q3, 2010

9 By the end of Q3 2010, 50 percent of Electric Plants will have a ‘Reliable with Datum’ Co-ordinates Qualifier.Quality Type: Correctness

New Goal:

10 By the end of Q4 2011, 90 percent of lithostratigraphic units will have a Young Age and Lithology.Quality Type: Completeness

Previously Completed Quality Goals:1 By the end of Q4 2009, 100 percent coverage of

geological provinces will be provided. Goal MetQuality Type: Completeness

2 By the end of Q4 2010, 90 percent of the main prospective basins will have a plate location attribute. Goal MetQuality Type: Completeness

3 By the end of Q4 2009, 95 percent of lithostratigraphic units stored in wells will have an associated geological age. Goal MetQuality Type: Completeness

4 By the end of Q4 2010, 80 percent of administrative subdivisions in cartographic layers will be aligned to ISO 3166-2 standards. Goal MetQuality Type: Consistency

5 By the end of Q1 2010, 99 percent of spatial attributes in all blocks and contracts will be populated. Goal MetQuality Type: Completeness

6 By the end of Q4 2010, 90 percent of Field Annual production volumes will be calculated using the corresponding Monthly volumes and entered within 30 days of last calendar month received. Goal MetQuality Type: Consistency

Whilst we are currently focussing on these goals we value your feedback. Please send us your comments and any suggestions for future Quality Goals to int_datagroup@ihs.com or feel free to contact your local sales account manager.

50

Q32010Goal

14

Q12010

0% 100%18

Q22010

GoalMet

90

Q42011Goal

0% 100%60

Q32010

3

Basins, Projects and Cultural• New Basin Monitors completed to improve coverage

North Svalbard and Edgeoya PlatformPalar BasinMahanadi Basin

• Basin Monitors completed following basin limits redefinition to ensure currencyMozambique Basin

• Basin Monitors completed following new data available to ensure currencyEast Venezuela BasinYenisey-Katanga Basin Levantine Basin

• Basin Monitors partially reviewed – CorrectnessProgreso BasinSenegal (MSGBC) BasinNile Delta BasinBove BasinWestern Arabian ProvinceKrishna-Godavari BasinSaltpond BasinSierra Leone-Liberia Basin

• 68 Basin Images created and entered – Completeness/Correctness

• 65 Prospects researched and entered – Completeness/Currency

• Political Provinces of Burundi, Moldova and UK updated – Correctness

To contact our Basins Data Manager, email didier.arbouille@ihs.com

Contracts• China CBM Contracts – Completeness:

To improve completeness of our coverage in CBM contracts, a comprehensive review was undertaken resulting in 60 new entries and 52 blocks updated

Quality Projects

Our customer surveys revealed that information quality is the single most important asset IHS delivers and we’ve listened. In addition to our Quality Goals launched in September 2009, we have also continued to make substantial improvements to our information through numerous Quality Projects conducted throughout the year. Some of these key projects completed this quarter are included below by module:

To contact our Contracts Data Manager, email pierre.oesch@ihs.com

Fields• Field Costs and Field Development Remarks –

Consistency and Completeness:Integration of field costs data and development remarks from more than 1,000 Global Projects from the IHS Herolds database resulted in the addition/update of approximately 300 field cost attributes and numerous field development remarks

• Madagascar Spatial Review – Correctness:Following the acquisition of a new map, a detailed spatial review of all the contracts in Madagascar was carried out resulting in the update of 70 blocks

• Ireland and Trinidad and Tobago – Currency:To ensure the most up to date information is available, 1,064 blocks were entered within 5 days of public announcement of the 2011 Atlantic Margin Licensing Round in Ireland and 9 blocks were entered within 2 days of the announcement of the Trinidad and Tobago 2010 Deepwater Bid Round

CBMContracts in Ordos Basin, China

2010 Deepwater Bid Round Blocks, Trinidad and Tobago

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International Energy Quarterly Review / Quality Goals, Investment Review and Quality Projects – Q3, 2010

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Wells

• Romania Wells – Completeness: Our wells coverage in Romania has significantly increased with the entry of 2,452 new wells in the Pannonian Basin

Midstream• Gas Pipelines – Completeness:

More than 2,000 km of gas pipelines have been entered in eastern Ukraine, resulting in a marked improvement of our coverage of the gas distribution network

• Storage Facilities – Completeness: We have improved our coverage of Storage facilities with the addition of approximately 200 including refined products storage facilities in Bangladesh and liquefied petroleum gas in Japan

To contact our Midstream Data Manager, email

sylvain.mazzardi@ihs.com

To contact our Wells Data Manager, email christian.lador@ihs.com

• Netherlands Production History – Completeness:Starting in 2009, the entire production history for offshore Netherlands area has been revised in order to de-aggregate all combined production volumes and re-allocate the production to individual fields. Analogue fields historical production performance and decline curve analysis have been used to interpolate annual production profile trend. A total of 21 groups of fields (90 fields in total) have had their production history de-aggregated. As a result, 1,560 new production volumes have been entered in the database. The offshore area is 100% complete, with all producing fields having their entire production history. The graphic below shows the total number of production volumes added as part of the project

Netherland de-Agg Project (2009 – 2010)

1975

300

250

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150

0

100

50

1977

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1981

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1985

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2009

Pre-project (pre 2008)

Production Year

Nb

of a

vaila

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pro

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volu

mes

Production Volumes available, Offshore Netherlands

To contact our Fields Data Manager, email alain.droux@ihs.com

Additional details of our International Data enhancements are available online at www.ihs.com/energy. By using your SSO account you can review these pages, which are located within Support, Reference Materials, Data News. Alternatively please don’t hesitate to contact:

Mark Lucas, DirectorCritical Information Development at mark.lucas@ihs.com

Kevin Chandler, Product Manager Data ContentCritical Information Energy at kevin.chandler@ihs.com

• Israel – Completeness: We have significantly increased the completeness of our tops information in Israel with the entry of 4,713 tops in 423 wells in addition to 444 bottom hole formations and ages. This brings our tops data completeness in Israel to more than 80 percent

• Political Provinces – Correctness/Consistency: We have updated the political province in 8,924 wells ensuring correct information as well as consistency between data modules. This is part of the first phase of the Well Spatial Quality Goal

Pipeline network, Eastern Ukraine New gas pipelines

Wells, Pannonian Basin, Romania – Before

Wells, Pannonian Basin, Romania – After