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www.marinelink.com 37co Swift in Q2 2013 and Sanco Sword in 2014, while it ordered the refurbished ?Geo Atlantic? and newbuild ?Super Duke? from GC Rieber earlier this year) ? where we understand and respect each others needs. ?We?re reliable partners for one an- other and this gives us all the stability the business requires, while giving our customers the most cutting-edge, op-erationally excellent seismic ß eet on the market.?Investing in the future Although the vessel investments have been ?cautious,? the capital injected into the business has been sufÞ ciently generous to fund ambitious expansion. Through a mixture of bank lending, bond activity and stock market equity moves (Dolphin is listed on the Oslo Stock Ex-change), the Þ rm raised $141m in 2012 to facilitate its growth, particularly in the Multi-Client and Processing Þ elds.The Processing division of the Þ rm saw a startling evolution last year ? with an onshore center opening in London, onboard processing rolling out across the entire ß eet, around 40 new mem- bers of staff and the purchase of Open Geophysical in Houston, the developer of the OpenCPS seismic software prod-uct ? while Multi-Client saw investment levels reach $63m.Jacobsen sees this diversiÞ cation away from pure survey data acquisition as a key building block for Dolphin?s sus- tainable success.?This kind of strategic investment pro-vides value both for the business and for the levels of service we provide to our client portfolio (which now includes names of the order of Shell, Statoil, TGS, Oil India and ONGC). A grow- ing 3D and 2D Multi-Client data library gives us long-term, proprietary, market- able assets, while processing allows us to get the optimum value out of this, keeping everything in-house, and gives our clients the services they need.??It?s this broad base,? he said, ?that al- lows myself and the rest of the executive management team to plan for long-term sustainability in what we know, from our own experi- ence, is a very cyclical industry.? People Þ rstJacobsen, who has over 19 year?s experience of the indus- try, is planning further growth for Dolphin this year (he?s set his sights on revenues of $300m for 2013), but plans to stay true to the principles he founded the business on.?I invested in people Þ rst and fore- most, because over the years I?ve learnt that they?re the greatest asset in this in-dustry,? Jacobsen opines. ?Anyone can buy seismic equipment, or charter ves-sels, but you don?t get anywhere unless you have the talent and the experience to read, understand and adapt to this in-dustry.? He continues, ?I?ve surrounded myself with the right people and that?s the rea- son Dolphin has developed so rapidly. From the outside it might look like we?ve made some bold decisions, but thanks to the experience on the team, they?ve al-ways been well-informed ones.?And there?s nothing contradictory about that.Atle JacobsenHomeBergen, Norway EducationMSc. in Nautical Engineering from NTH in Trondheim ExperienceCEO of WaveÞ eld Inesis, SVP of Marien Product Line at CGGVeritas, offshore experience with contractors including PGS and Stolt Offshore. Best business achievement Gazelle Award 2008, WaveÞ eld Inseis Plans for the future Continuing to build Dolphin as a full service marine seismic operator, with a good mix of contract and Multi-Client activity, and the most high-end, opera- tionally excellent ß eet in the sector. MR #5 (34-41).indd 37MR #5 (34-41).indd 375/2/2013 9:44:08 AM5/2/2013 9:44:08 AM
