Dolphin 2015 guidance and market outlook
For the third successive year, Dolphin see the benefit of updating the financial market with a guidance for the main financial and operational assumptions for 2015.
Dolphin’s full year revenue is expected to exceed USD 500 million for 2015, representing a growth of 15-20% compared with 2014.
The Dolphin Multi-Client investments will primarily be made in prospective offshore areas. Dolphin expect to allocate 15-20% of 3D vessel capacity to Multi-Client investments for 2015, representing cash investments of approximately USD 50-70 million.
The new and final 3D seismic vessel, Polar Empress with 14-22 streamer capacity, is on schedule and is expected to be taken on charter in end of April 2015.
Dolphin will fully divest from the marine 2D and low-end 3D seismic market in 2015.
In a challenging market environment, Dolphin will focus on market positioning of the 6 modern high-capacity 3D seismic vessels, seismic processing and sales from an attractive Multi-Client seismic data library.
During 2015, Dolphin will prepare for the next generation of multi-sensor streamer technology, new acquisition techniques and joint cooperation models both on exclusive and non-exclusive basis will be targeted.
Further, Dolphin is pleased to announce Mr. Atle Jacobsen, CEO’s presentation at the SEB Nordic Seminar 2015 today in Copenhagen at 11:30 CET.
Please find attatched the presentation, including 2015 guidance and market outlook.
For further information, please contact:
Atle Jacobsen, CEO
Mobile: +47 97 71 53 36
Erik Hokholt, CFO
Mobile: +47 90 75 60 64
Dolphin Group ASA is the Parent company of Dolphin Geophysical AS, a global full-range, asset light supplier of marine Geophysical services. Dolphin operates a fleet of new generation, high-capacity seismic vessels and offers contract seismic surveys, Multi-Client projects and processing services on a worldwide basis.
Dolphin Group ASA is listed at Oslo Stock Exchange (OSE ticker: DOLP).