Dolphin Geophysical 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 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

CEO Atle Jacobsen commented; "Our recent contract awards, pre-funding levels and improved visibility confirms a continued strengthened 3D seismic market. We are pleased that both our high capacity 3D seismic vessels will be fully occupied until end of third quarter 2012."

Tags: Dolphin Geophysical