Trico Marine Moving Two Vessels to International Markets
Trico Marine Services is mobilizing four Gulf class vessels to international markets as part of its continuing implementation of its global strategy designed to move more vessels to higher growth markets with greater prospects for long-term contracts. This move further reduces Trico presence in the Gulf of Mexico to 20 vessels.
"Trico will continue to leverage its global footprint and move vessels to higher growth markets in order to maximize value for all of its shareholders," commented Trico's Chief Executive Officer, Joseph S. Compofelice. "This planned vessel mobilization is consistent with our view of market activity worldwide and allows Trico to maximize utilization and revenues for all of our vessels."
Trico provides a broad range of marine support services to the oil and gas industry, primarily in the North Sea, Gulf of Mexico, West Africa and Southeast Asia (through its joint venture). The services provided by the Company's diversified fleet of vessels include the transportation of drilling materials, supplies and crews to drilling rigs and other offshore facilities; towing drilling rigs and equipment from one location to another; and support for the construction, installation, repair and maintenance of offshore facilities. Trico is headquartered in Houston, Texas.