DOLPHIN - NEW 3D SEISMIC CONTRACTS IN SOUTH AMERICA, TWO VESSELS TO BE UTILISED

The high capacity 3D vessels of Dolphin Geophysical continue to build solid contract back-log in South America, with the award of an additional new 3D seismic contract with a duration in excess of 70 days.

Dolphin will be utilising two vessels to cover the increased demand and recent awards in South America. The surveys will be started with Sanco Swift in May and joined by Polar Duke for operations in third andfourth quarter of 2014.

"Atle Jacobsen, CEO Dolphin commented;  Dolphin has succeeded expanding globally into new regions. We are pleased to see the increased demand for our new high-capacity 3D seismic vessels and for Dolphin to secure continuous long term backlog in new targeted regions like South America"


For further information, please contact:

Atle Jacobsen, CEO
Mobile:+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

Phone:+47 55 38 75 00
www.dolphingeo.com

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 and Multi-Client projects and processing services on a worldwide basis. Dolphin Group ASA is listed at Oslo Stock Exchange (OSE ticker: DOLP).