Dolphin has received a Letter of Intent from Shell for a major 3D seismic survey in South Africa

Dolphin Geophysical is pleased to have received a Letter of Intent by Shell South Africa Upstream B.V. for up to 8,000 sq. km 3D seismic acquisition, offshore South Africa. The survey will be acquired by M/V Polar Duchess and will commence in Q4 2012. M/V Polar Duchess is a purpose built high-end 3D seismic vessel, capable of towing 14 streamers at 100 metre separation.

"We are very pleased to be working for Shell on this survey, our first for a super-major" says Atle Jacobsen, CEO  "This is the second high profile 3D job that Dolphin have been awarded this month and is a confirmation that Dolphin Geophysical have developed into becoming a recognised supplier of seismic services after only 18 months in business".

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
Tel: +47 23 16 70 00
Fax: +47 23 16 71 80
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, Multi-Client projects and processing services on a worldwide basis. Dolphin Group ASA is listed at Oslo Stock Exchange (OSE ticker: DOLP).