Multi-Client Agreement and 3D Seismic Acquisition Contract for Polar Duke

Dolphin Geophysical, Norway, 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 2012 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.