Dolphin charters two Artemis seismic vessels

Offshore staff

OSLO, Norway – The Dolphin Group ASA has agreed to charter two seismic survey vessels from Artemis Shipping AS. The M/V Artemis Arctic will be on time charter for an initial five years with two, two-year options. The M/V Artemis Atlantic time charter is for four years with two, two-year options.

Dolphin has the option to upgrade Artemis Arctic to eight streamer capacity and plans to move the ice-class vessel to the North Sea to begin operations by the end of this month.

The Artemis Atlantic will continue work on an existing 2D multi-client program off West Africa.

“In our continuing efforts to build a new leading geophysical company, this opportunity to secure additional vessel capacity that will be operating immediately, is highly attractive to Dolphin,” said Atle Jacobsen, CEO. “The financial term for the two charters and related financing is very competitive and these vessels will fit well into our existing fleet and secure significant capacity and revenue growth for the company based on the existing capital structure of the Dolphin Group.”

05/09/2011



Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...