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GC Rieber Shipping ASA Signs Agreement with Dolphin Group ASA

Wednesday, 13 Feb 2013 10:49am EST 

Dolphin Group ASA announced that it has entered into two new heads of agreements with GC Rieber Shipping ASA for two high-end 3D seismic vessels. The first vessel, Geo Atlantic, is an existing 3D seismic vessel built in 2002 which will be upgraded by the owner to a 14 streamer seismic vessel at a yard in Singapore. The vessel is expected to be delivered to Dolphin in the fourth quarter of 2013. The agreement has a fixed contract term of three years and six months, with additional options for two plus two years extensions. The second vessel, newbuild, is a top-end 22-streamer 3D seismic newbuild vessel with highest ice-class, to be constructed at Kleven yard in Norway and expected delivery to Dolphin in March 2015. The agreement has a fixed contract term of five years, with additional options for two times three years extensions. 

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