Dolphin - first high capacity 3D seismic vessel in production

Dolphin Group ASA (OSE:DOLP) announced today that 3D vessel Polar Duke yesterday entered into production on her first project for TGS Nopec ASA in the Norwegian sector of the Barents Sea.

Polar Duke was taken on charter in Stavanger on May 10th.  and mobilized directly on prospect in less than ten days and are presently operating with 10 streamers of 6.000 meters length.

The new purpose built vessel, has a long and slim design that allow for high transit speed and focus on maximum fuel efficiency. She has already proven very strong towing capacity, speed, sea capabilities and exceptional maneuvering characteristics.

Atle Jacobsen, CEO commented; "In 5 months from establishing Dolphin Geophysical AS, we have succeeded bringing the high capacity 3D vessel Polar Duke into operation in one of the most promising exploration areas of the world. This is a strong proof of our capabilities and an important milestone in developing Dolphin Geophysical."

Contacts:

Atle Jacobsen,
Mob: +47 97 71 53 36

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

Dolphin Group ASA
Helsfyr Atrium
Innspurten 16
0663 OSLO

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

www.dolphinics.com
www.dolphingeo.com