Norwegian geoscience firm Spectrum has entered into an agreement with the administrator of the Dolphin estate to acquire the multi client 2D survey in Brazil Santos Campos and the 3D survey in Lebanon.
The Norwegian entities of Dolphin Group together with its subsidiary Dolphin Geophysical filed for bankruptcy in December 2015. The UK entity Dolphin Geophysical was not a part of the bankruptcy estate. The Singapore and US businesses also continued to operate.
In September, PGS and TGS-NOPEC Geophysical jointly agreed principal terms and conditions for purchase of a majority of the multiclient library of Dolphin UK. PGS and TGS made the purchase on a 50/50 basis.
Dolphin Geophysical, using its High Capacity 3D vessel, the Polar Duke, acquired new, long offset high resolution Multi-Client 3D seismic survey in the Levantine Basin offshore Lebanon in 2012. This project was in cooperation with Spectrum, which had an exclusive contract with the Ministry of Energy and Water (MEW) of Lebanon.