Dolphin Signs Agreement with TGS for Joint 2D Multi-client Survey in Northwest Africa

Dolphin Geophysical has signed a Joint Survey Agreement with TGS-NOPEC Geophysical Company ASA (TGS) to acquire, process and market an initial phase of approximately 25,000 line km. of long-offset Multi Client 2D data, along the North West African coast. Both parties will work together in acquiring and licensing these data to third party clients. Dolphin has already completed the acquisition of approximately 10,000 line km with the vessel Artemis Atlantic. TGS will provide their industry recognised pre-stack time migrated processing (PSTM) and the data will be available through the global marketing network of both companies. Dolphin and TGS will have equal and joint ownership of the library data.

Ian T. Edwards, Vice President, Dolphin Multi Client commented; "Dolphin and TGS are providing a long overdue conformable, long-offset dataset covering several countries of NW Africa, targeting the potential Tertiary and Cretaceous channel and fan plays, which industry believe could extend into this under-explored region following the recent discoveries in nearby areas"


For additional information, please contact:

Atle Jacobsen, CEO
Mobile:+47 97 71 77 58
E-mail:atle.jacobsen@dolphingeo.com

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