Dolphin Geophysical has signed a Letter of Intent with TGS-NOPEC Geophysical Company for the charter of the high-capacity 3D seismic vessel Polar Duke. The charter will begin in May 2011 and will last for a minimum of 3 months. The agreement also provides an option for TGS to extend the charter in two increments of 2 and 6 months respectively, under agreed commercial terms.
"This first 3D project is an important event in moving
the company into an operational mode" commented Atle Jacobsen, CEO.
"We are confident in our operational readiness and look forward to being
able to showcase our ability to deliver results to both TGS and prospective
CSIRO from Australia is undertaking a survey tour towards the Australian Bight for a baseline survey looking for oil traces in the water. The surveyors are deploying a CTD and a gravity corer measuring possible traces of oil in the water column. The survey mission also consists of hydrographic mapping techniques, GIS and environmental specialists to make sure the situation before exploration is mapped well in order to know what the environmental consequences of an eventual oil seepage or leak may consist of.