Dolphin - awarded 6 months work for new 3D seismic vessel, Polar Duchess

Dolphin Geophysical has accepted a Letter of Award from TGS-NOPEC Geophysical Company ASA for a 6 months charter of the new high-capacity 3D seismic vessel, M/V Polar Duchess. The contract is expected to begin during first half of April and continue through a full 2012 summer season in Europe.

Atle Jacobsen, CEO commented;  "We experience positive development in demand for high capacity 3D seismic vessels and this large contract for our second new 3D vessel is an important milestone in the fast growth phase of Dolphin Group. We are able to provide a strong and safe operational performance to our clients and we have established an excellent working relationship with TGS, resulting in significant repetitive business contracts for Dolphin"

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
E-mail:atle.jacobsen@dolphingeo.com

Erik Hokholt, CFO
Mobile:+47 90 75 60 64
E-mail:erik.hokholt@dolphingeo.com


Dolphin Group ASA
Helsfyr Atrium
Innspurten 15
0663 OSLO

Tel:+47 23 16 70 00
Fax:+47 23 16 71 80         

www.dolphingroup.no
www.dolphingeo.com

Dolphin Group ASA has two main business areas; Dolphin Geophysical AS and Dolphin Interconnect Solutions AS. Dolphin Geophysical is a global full-range, asset light supplier of marine geophysical services and operates a fleet of new generation, high capacity seismic vessels and offers contract seismic surveys and multi-client projects worldwide. Dolphin Interconnect is a global supplier of high performance solutions (hardware- and software) for the server and embedded systems market. Dolphin Group ASA is listed at Oslo Stock Exchange (OSE ticker: DOLP).