Dolphin exercises option for Polar Duchess seismic vessel charter

Dolphin Group ASA says it has exercised an option to charter the M/V Polar Duchess from Armada Seismic for a firm period of three years.

Offshore staff

OLSO, Norway – Dolphin Group ASA says it has exercised an option to charter the M/V Polar Duchess from Armada Seismic for a firm period of three years. The agreement also has two four-year extension options. The effective date is April 2012.

Dolphin is responsible for a seismic equipment investment of $55 million as well as the technical seismic design and outfitting. The work is scheduled for 1Q 2012.

11/04/2011

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