First 2D Contract Award for Dolphin Geophysical

Dolphin Geophysical (OSE: DOLP) has signed a contract with ION's GX Technology group (GXT) for a three month 2D seismic acquisition survey offshore West Africa. The project will be acquired by Polar Explorer, the Company's first chartered 2D vessel, with acquisition commencing in April 2011. The contract includes a mobilization fee to West Africa.

This information is subject of the disclosure requirements acc. to §5-12 (Norwegian Securities Trading Act).

For further information; please contact:

Atle Jacobsen, CEO  
Mob:+47 97 71 53 36

Erik Hokholt, CFO
Mob:+47 90 75 60 64

Dolphin Geophysical AS
Solheimsgaten 13
5058 Bergen

Tel.:+47 55 38 75 00

Dolphin Group ASA
Olaf Helsetsvei 6
0619 OSLO

Tel:+47 23 16 70 00

About Us

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).