True seals

Seals breathe using their lungs but are adapted to holding their breath for long periods. Some species can stay submerged for up to 40 minutes.

An excerpt from the article 18 facts about True seals
It allows them to dive to considerable depths and stay underwater for long periods. When diving, the air from the lungs goes to the upper respiratory system, which is not as easily absorbed into the blood. This mechanism also protects seals from decompression sickness.