Page 22: of Marine Technology Magazine (June 2013)

ous 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 Ð with an onshore centre opening in London, on-board processing rolling out across the entire ß eet, around 40 new members of staff and the purchase of Open Geophysical in Houston, the developer of the OpenCPS seismic software product Ð 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 DolphinÕs sustain- able success.ÒThis kind of strategic investment provides 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 growing 3D and 2D Multi-Client data library gives us long-term, proprietary, marketable assets, while processing allows us to get the optimum value out of this, keeping every- thing in-house, and gives our clients the services they need. ÒItÕs this broad base,Ó he said, Òthat allows myself and the rest of the executive management team to plan for long-term sustainability in what we know, from our own experience, is a very cyclical industry.Ó Seismic Survey 22 MTRJune 2013MTR #5 (18-33).indd 22MTR #5 (18-33).indd 226/4/2013 9:58:19 AM6/4/2013 9:58:19 AM