Dolphin Group unveils first quarter results

Company News - May 25, 2012

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Seismic specialist Dolphin Group has published details of its results for the first quarter of 2012.

Atle Jacobsen, Dolphin Group's CEO, said: "Dolphin’s first quarter 2012 report reflects a seasonally low market combined with low utilization of one of our 2D vessels.

"Dolphin has had tremendous revenue growth, from US$0.4 million to US$34.6 million, compared with previous quarter last year, due to our fast and successful entrance into the seismic market."

"The outlook for Dolphin’s product offerings are encouraging and positive.

"We are ahead of our strategic plan in terms of securing favourable high-end 3D seismic capacity, expanding into the 2D and 3D multi-client market and building up our internal in seismic processing capabilities."

 

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