Historic Louisiana

extreme weather conditions. In March 2002
Trico opened in offices in Lagos and Port
Harcourt, Nigeria, to support the operations of
four of its vessels operating on long-term charters
off the western coast of Africa.
From fifty-one vessels at the time of the initial
public offering, Trico’s fleet has grown to nearly
one hundred vessels. In addition to acquisitions,
the company has also constructed some of the
industry’s most technologically advanced vessels.
Among those vessels are two state-of-the-art,
275-foot, dynamically positioned, deepwater
platform supply vessels, anchor handlers and the
first advanced, high-speed crew boat using the
SWATH (small water plane area, twin hull)
design. The SWATH is used as a high-speed ferry
in the Campos basin offshore Brazil.
In recent years, Trico has expanded its
services in specialty niche markets by offering
a wide range of marine based services. The
company has completed several projects
involving the laying of fiber optic cable and
well stimulation in offshore fields.
With the growth in the company’s fleet has
been a commensurate growth in revenues.
From $6.4 million in 1995, revenues reached
$182.6 million in fiscal 2001. The company
has approximately 1,200 employees.
Guiding Trico’s activities around the globe
are five core values. These values underlie the
company’s commitment to providing its
customers with the highest level of responsive
service available in the marine industry today.
• Environment: Trico strives to protect the
ocean and coastal environments that are its
work sites and homes.
• Ethics: Trico respects and values its
employees, its clients, its shareholders and
its vendors and will always deal fairly and
honestly with them. It conducts its business
to the highest ethical standards, and it
respects the laws and cultures of the
countries in which it does business.
• Growth: Trico believes in giving all employees
the opportunity to develop to their full
potential, and to that end, it supports the
career growth and training of its people. By
promoting this growth, Trico ensures that it
will always provide not only the best vessels,
but also safe, professional and experienced
personnel to serve its clients.
• Quality: Trico’s reputation is based on the
quality of its assets, its people, and the
services it delivers.
• Knowledge: Trico builds on its core
competencies based on its knowledge of
ships, new vessel construction management,
operations, marine personnel training and
vessel fleet management.
For the future, Trico is well positioned to
benefit from improving markets and will
continue to maintain a large, diversified fleet
capable of providing a broad range of services
in response to its customers’ needs. The
company plans to continue its growth both
through the addition of large, technologically
advanced vessels as well as through acquisition
opportunities that allow it to selectively
upgrade its fleet to meet market demand. It
also plans to continue expanding its
international presence and to add new services
serving specialty niche markets.
✧
Above: The technologically advanced
SWATH vessel is used to transport
personnel to production platforms in the
Campos Basin offshore Brazil.
Below: Trico’s anchor handling, towing and
supply vessels are used to set anchors for
drilling rigs and two mobile rigs and
equipment between locations.
SHARING THE HERITAGE
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