The work to survey for oil and gas deposits will start in the first quarter of the new financial year with a vessel already located in the region.
Mr Atle Jacobsen, Dolphin’s chief executive officer, said, "This large seismic contract award adds to our backlog of powerful solutions projects, where Dolphin's cost efficient wide tow configuration is the preferred acquisition solution selected by one of our large repeat customers."
Ophir Energy has signed a Production Sharing Contract with the Myanmar’s Energy Ministry which finalised the award of Block AD-03 offshore Myanmar in December.
Ophir has a 95 percent operated interest in the block which is located in the Rakhine Basin. The block is approximately 10,000 square kilometres in size and is on par with the multi-trillion cubic feet producing Shwe gas field.
The company is set to reprocess existing 2D seismic data and acquire 3D seismic data during its initial exploration.