DOLPHIN GROUP - 3D Seismic contract for Artemis Arctic

Dolphin Geophysical AS has reached agreement with LOTOS Exploration & Production Norge AS, acting as Operator on behalf of the License Group in PL 503, for the acquisition of a 1563 square km of 3D Seismic in the North Sea. The project will be acquired with Dolphin fleet's recent addition, the M/V Artemis Arctic, which will commence operation in the end of May 2011.

M/V Artemis Arctic is the latest 3D addition to our rapidly expanding seismic fleet, and Dolphin is very pleased to be accepted to perform this work for LOTOS E&P Norge.

Atle Jacobsen, CEO of Dolphin commented; "Dolphin is very pleased to secure continued operation of the Artemis Arctic and to acquire this important program for LOTOS E&P Norge in the North Sea. We are fully committed to make Artemis Arctic an efficient and profitable Dolphin operated vessel and are pursuing additional contract opportunities to secure a longer term back-log for the vessel".


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


Dolphin Group ASA
Helsfyr Atrium
Innspurten 15
0663 OSLO

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

www.dolphinics.com
www.dolphingeo.com