Dolphin Geophysical Ltd open for business as usualCompany News // December 18, 2015
The UK processing and multi-client operations of Dolphin Geophysical Ltd continue to operate as normal, say the company, despite the Norwegian entities of Dolphin Group, together with its subsidiary Dolphin Geophysical, having filed for bankruptcy.
The UK entity Dolphin Geophysical Ltd is not a part of the bankruptcy estate. The Singapore and US businesses are also continuing to operate.
Ongoing processing contracts in the UK are continuing and the banks are supporting a ‘business as usual’ approach, paying staff salaries and maintaining operations. Multi-client sales are also continuing as normal. Gareth Williams, chief geophysicist at the company, said: “We will not only continue to fulfil our commitment under existing contracts but will also continue to bid on new projects as well. Our backlog currently stretches well into the second half of 2016 and we will continue to aggressively target suitable additional work.”