Historic Louisiana

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HISTORIC LOUISIANA
90
TRICO MARINE
SERVICES, INC.
Below: Trico’s fleet of North Sea-class vessels
is equipped to work in deepwater and
extreme weather conditions.
Bottom: Supply boats transport oilfield
products and supplies to offshore drilling
and production facilities.
Trico Marine Services is a premier provider of
marine support services to the energy industry
worldwide. From its headquarters in Houma,
Louisiana, Trico owns and operates a diverse
fleet of nearly one hundred vessels used to
transport drilling materials, supplies and crews
and provides support for the construction,
installation and maintenance of offshore oil and
gas facilities.
Trico is the second largest provider of
supply vessels in the Gulf of Mexico and is the
fourth largest operator of anchor handling,
towing supply (AHTS) vessels in the North
Sea. Its fleet includes supply boats and North
Sea-class platform supply vessels, used to
transport oilfield products and supplies to
offshore facilities; crew boats, which move
people, food and supplies to production
platforms and drilling rigs; AHTS vessels,
which set anchors for drilling rigs and tow
mobile drilling rigs and equipment from one
location to another; and an advanced SWATH
vessel, which transports up to 250 passengers
between an operations base and production
platforms offshore Brazil.
Trico focuses on providing customers with
the most responsive and efficient service
available in the marine industry. Its customers
are major and large independent oil and gas
companies as well as foreign governmentowned
or controlled companies involved in
offshore oil and gas exploration and production.
The company also has offices in Houston,
Texas; Fosnavag and Kristiansand, Norway;
Aberdeen, Scotland; Lagos and Port Harcourt,
Nigeria; and Macae and Rio de Janeiro, Brazil.
Trico supports its operations in the Gulf from a
62.5-acre docking, maintenance and office
headquarters facility in Houma. Located on the
intra-coastal waterway, the facility provides direct
access to the Gulf of Mexico.
Trico is managed and operated by people
who are among the most experienced in the
marine services industry. It is the successor to
several companies formed in the early 1980s
by Chairman of the Board Ronald O. Palmer
and President and Chief Executive Officer
Thomas E. Fairley. Fairley and Palmer have
more than sixty years of combined industry
experience. In 1993 they joined with
Berkshire Partners to acquire vessels owned
by Chrysler Capital Corporation to create this
leading offshore marine support company.
Trico is a publicly owned company with its
stock listed on the NASDAQ Stock Market under
the symbol “TMAR.” In mid-1996 the company
completed an initial public offering of its
common stock in order to facilitate continued
growth. That same year, the company established
operations in Brazil with the acquisition of eight
vessels, which operate under long-term charters
for Petrobras, the Brazilian national oil company.
Then, in December 1997, Trico became a major
player in the North Sea oil and gas industry
when it completed the acquisition of Saevik
Supply ASA of Norway, a leading operator of
marine support vessels. The North Sea fleet is
equipped to work in deepwater and under