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    Dolphin Group experiencing increased demand for seismic services

    Company News // February 23, 2012

    Seismic survey specialist Dolphin Group says demand for seismic vessels is growin.

    Announcing the company's latest results, Atle Jacobsen, the group's CEO, said: "Dolphin is experiencing an increased demand for 3D seismic service in all regions in which the company is active.

    "The fourth quarter had a soft nature with lower than expected utilization for the 3D fleet due to contract and permitting issues. During the quarter Gulf of Mexico returned to "business as usual" with regular licensing rounds and the issuing of new seismic permits.

    "This, combined with strong demand in both Angola and the upcoming North Sea season, has generated more favourable market conditions with increasing contract 3D rates."

    "After a successful start-up of its multi-client business, Dolphin will increase investments in multi-client activity during 2012," he said.

    "The combination of a strong organization with both sales and project development capability, together with a strong industry drive for multi-client model in several regions, will allow us to grow this part of our business faster than planned."


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