Dolphin commences 3D Multi-Client survey in UK Quads 29 and 30

Dolphin Geophysical's high-end 3D seismic vessel the Polar Duke has commenced mobilization to acquire the remaining UK Quads 29 & 30 SHarp BroadBand High-Resolution 3D Multi-Client survey.

It is estimated that it will take approximately  5 months to complete the current planned survey coverage, which was partially acquired last year. Dolphin's 'sister vessel' the Polar Duchess will complete the survey after the Polar Duke leaves the area due to committed contract work.

Phase-1 acquired last year, about twenty percent of the now programmed SHarp BroadBand 3D coverage, has already undergone extensive PSTM processing tests which were overseen by several companies using Dolphin's in-house proprietary OpenCPS software at their UK processing Centre.

AVO and Inversion testing has been performed and will be further reviewed in cooperation with area committed clients.

Dolphin will provide a High End Fast-Track seismic data volume, as well as final full Pre-stack time migrated (PSTM) datasets later this year.

"This is another milestone for Dolphin Geophysical who rapidly entered the 3D Multi-Client market last year. Dolphin's UK Quads 29 and 30 SHarp BroadBand High-Resolution MC 3D places us in a strong position to expand our data coverage further in this region. The processing results from Phase-1 acquired in 2012 confirmed the anticipated need for 75m streamer separation rather than the traditional 100m in order to preserve the full SHarp bandwidth for imaging the steep dip salt flanks and detailed faulting within the survey area."   

"Dolphin's BroadBand acquisition and processing techniques allow us to compete on a more even playing-field with the major seismic contractors as well as placing us ahead of others. We continue to see a good level of pre-funding and support for our Multi-Client surveys"  said Ian T Edwards, Dolphin's Vice President of Global Multi-Client Surveys and New Ventures.

For further information, please contact:

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

Ian T.Edwards, Vice president Global Multi-Client and
New Ventures
Direct Dial:+44(0) 1892 701 015
E-mail:ian.edwards@dolphingeo.com

www.dolphingroup.no
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).