OilVoice - Trico Marine Subsidiary, CTC Marine, Recognized by NOF Energy as 2009 Company of the Year

Trico Marine Subsidiary, CTC Marine, Recognized by NOF Energy as 2009 Company of the Year

Monday, December 28, 2009

Trico Marine Services, Inc. announces that its subsea protection division, CTC Marine, was recognized as THE 2009 company of the year recently by Northern Offshore Foundation (NOF) Energy, a business development organization for the oil, gas and energy sectors in the United Kingdom. CTC Marine was also awarded the 2009 Innovation and Technology Award by NOF Energy.

The awards recognize a year of success for CTC Marine including the first diver-less subsea construction and development project in the Mediterranean, expansion into new subsea markets including China, Egypt and the Middle East and diversification of services into the offshore renewable market. In addition, CTC Marine's commitment to innovation led to success for its RT-1 Rock Trencher, the world's largest underwater tracked vehicle, in its first offshore scope of work off the West Coast of Ireland.

Chairman and Chief Executive Officer of the Company, Joseph Compofelice, stated:
"These awards recognize the hard work, dedication and innovation that our team brings to its service offerings worldwide."

In addition, the Company today announced the promotion of Rishi Varma to Senior Vice President and Chief Operating Officer. Mr. Varma has served as the Company's General Counsel since May 2005 and has assumed a greater role in operations throughout the year. The Company also announced the promotion of Geoff Jones to Senior Vice President, Chief Financial Officer and Chief Administrative Officer. Mr. Jones has served in various roles with the Company since 2004 and is currently the Chief Financial Officer.

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