New 3D seismic ship starts work for Dolphin Geophysical

Bergen, Norway, headquartered Dolphin Group ASA (OSE:DOLP) announced today that the 3D vessel Polar Duke yesterday entered into production on its first project for TGS Nopec ASA in the Norwegian sector of the Barents Sea.

Polar Duke was taken on charter in Stavanger on May 10, following its April 30 christening at the GMC Maritime AS shipyard, and mobilized directly on prospect in less than ten days and is presently operating with 10 streamers of 6.000 meters length.

The new purpose built vessel is  102 m long by 19 m beam at the waterline. The long and slim design that allows for high transit speed and focus on maximum fuel efficiency. Dolphin Group says the vessel has already demonstrated very strong towing capacity, speed, sea capabilities and exceptional maneuvering characteristics.

Atle Jacobsen, CEO commented; “In five months from establishing Dolphin Geophysical AS, we have succeeded in bringing the high capacity 3D vessel Polar Duke into operation in one of the most promising exploration areas of the world. This is a strong proof of our capabilities and an important milestone in developing Dolphin Geophysical.”

May 20, 2011