Dolphin secures a multi-client agreement and 3D seismic acquisition contract for Polar Duke

Dolphin Geophysical has reached final agreement with Petrosen to commence acquisition of a 3D multi-client survey covering nearly 3,600 km(2)offshore Senegal. The survey will commence early March and is highly funded by industry. Dolphin already has 2D seismic data over this area, acquired in 2011 and the acquisition of 3D data is a natural progression for these prospective areas which require better focus and defining.
 
Further, Dolphin Geophysical has received a LOA for additional 3D contract work and combined with the existing backlog and multi-client commitment, Polar Duke will have a firm backlog until end of third quarter 2012.

Additional details will be disclosed as part of the Q4 earnings release on the 21st Feb 2012

CEO Atle Jacobsen commented; "Our recent contract awards, pre-funding levels and improved visibility confirms a continued strengthened 3D seismic market. We are pleased that both our high capacity 3D seismic vessels will be fully occupied until end of third quarter 2012."

This information is subject of the disclosure requirements acc. to §5-12 (Norwegian Securities Trading Act).


For further information; please contact:

Atle Jacobsen, CEO  
Mob:+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 has two main business areas; Dolphin Geophysical AS and Dolphin Interconnect Solutions AS. Dolphin Geophysical is a global full-range, asset light supplier of marine geophysical services and operates a fleet of new generation, high capacity seismic vessels and offers contract seismic surveys and multi-client projects worldwide. Dolphin Interconnect is a global supplier of high performance solutions (hardware- and software) for the server and embedded systems market. Dolphin Group ASA is listed at Oslo Stock Exchange (OSE ticker: DOLP).