Norway: Polar Duchess Enters Steady Production in Barents Sea

Dolphin Geophysical announces that the new high capacity 3D vessel, Polar Duchess, recently entered into steady production for TGS in the Barents Sea.

The 6 months contract has been announced previously. The vessel is chartered on an initial 3 year time-charter from Armada Seismic from 6th April 2012, with Dolphin options to further extend the charter with an additional 8 years.

The second large 3D vessel, Polar Duke, is expected to complete the first 3D Multi-Client project in Senegal during first half of May. The vessel will then be relocated to the Barents Sea to start a previously announced 3D contract. The vessel was originally scheduled for exclusive contract in South America, however Dolphin was not in a position to extend the letter of award, due to uncertainty related to contract start-up.

Polar Duke is currently marketed in the North Sea region with July availability.

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Subsea World News Staff , April 17, 2012;  Image: Dolphin