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History of Dolphin Offshore Enterprises [Indias] Ltd.

YEAR EVENTS 1979 - Dolphin Offshore Enterprises [Indias] limited was Incorporated in May as a private limited Comp. to provide underwater engineering, diving services & other offshore oil-field services. The Comp. was promoted by Rear Admiral Kirpal Singh & Shavax A. Lal. The Comp. became a full fledged public limited Comp. on 31st May, 1994.

- The Comp. is engaged in the activities of diving services, Marine operations, offshore drilling, Geophysical & Geotechnical Surveys & Radio positioning services, ship repair service & Turnkey projects.

- The Comp. had technical collaboration with Global Marine Drilling Services of USA for Offshore drilling, Oceaneering International AG of Switzerland for diving & underwater engineering, Geodetic & Construction Survey Ltd., of Switzerland for latest technology in survey & positioning services & TL Geotechnics [Singapores] Pte. limited for geotechnical surveys. The Comp. undertook several turnkey projects for carrying out specialised repairs of offshore rigs.

1994 - During September/October, the Comp. offered 14,00,000 No. of equity shares of Rs 10 each for cash at a premium of Rs 30 per share to public. [All were accepteds].

1995 - During February, the Comp. entered into an agreement with Sembawang Maritime limited to set up a joint venture Comp. to provide marine transportation & offshore logistic services.

2004

-Dolphin Offshore bags order from Iranian Oil and Engg

-Dolphin Offshore signs Memorandum of Understanding [MoUs] with NaftoGaz,

2006

-Dolphin Offshore Enterprises India Ltd has informed that a meeting of Board of Directors of Comp. will be held on October 31, 2006, to consider the issue of Bonus Shares.

-Dolphin Offshore signs MOU with IMPaC Offshore, Germany to set up JVC in India

2007

- Dolphin Offshore Enterprises India Ltd has informed that Societa Cooperativa Nazionale Sommozzaton [CNSs] has awarded a Contract for saturation diving work in China.

-The Comp. has issued Bonus Shares in the Ratio of 3:5.

2008

- Dolphin Offshore Enterprises India Ltd has got a contract for providing diving services in Malaysia / South East Asia on DI / DSV by M/s Offshore Subsea Works BDN BHD, Malaysia for period of 2 months w.e.f. July 04, 2008.