SOURCE: Trico Marine Services, Inc.

September 21, 2007 13:00 ET

Trico Marine Services Announces Mobilization of Vessels to International Markets

HOUSTON, TX--(Marketwire - September 21, 2007) - Trico Marine Services, Inc. (NASDAQ: TRMA) announced today that it was 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."

About Trico

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.

For more information about Trico Marine Services, Inc. visit us on the web at www.tricomarine.com.

Certain statements in this press release that are not historical fact may be "forward-looking statements." Actual events may differ materially from those projected in any forward-looking statement. There are a number of important factors involving risks and uncertainties beyond the control of the Company that could cause actual events to differ materially from those expressed or implied by such forward-looking statements. A description of risks and uncertainties relating to Trico Marine Services, Inc. and its industry and other factors, which could affect the Company's results of operations or financial condition, are included in the Company's Securities and Exchange Commission filings. Trico undertakes no obligation to publicly update or revise any forward-looking statements to reflect events or circumstances that may arise after the date of this press release.

Contact Information

  • Contact:
    Geoff Jones
    Vice President and Chief Financial Officer
    (713) 780-9926