Multi-client Agreement and 3D Seismic Acquisition Contract for Polar Duke
Dolphin Geophysical, Norway, has reached final agreement with Petrosen to commence acquisition of a 3D multi-client survey covering nearly 3,600 sq km offshore Senegal. The survey will commence in early March 2012 and is substantially funded by industry. Dolphin already has 2D seismic data for this area, acquired in 2011, and the acquisition of 3D data is a natural progression for these prospective areas which require greater focus and better defining.
Further, Dolphin Geophysical has received an LOA for additional 3D contract work and combined with the existing backlog and multi-client commitment, Polar Duke will have a firm backlog until the end of the third quarter of 2012.
Additional details will be disclosed as part of the Q4 earnings release on 21st February 2012.