Trico Marine company wins offshore wind farm contract

CTC Marine, the subsea protection subsidiary of Trico Marine Services, Inc. (Nasdaq:TRMA), has been awarded a contract by by Norddeutsche Seekabelwerke GmbH (NSW) that covers the offshore renewable installation, trenching and connection of approximately 80 infield array cables on the BARD Offshore 1 Wind Farm Project in the North Sea

"The BARD project award reflects our strong position in the offshore renewable installation market through CTC Marine, " said Joe Compofelice, Chief Executive Officer of the Trico Marine Group. "Offshore wind is a U.K. industrial priority and we expect to play a strong role in the offshore wind supply chain."

The BARD contract was one of multiple new contract awards of approximately $40 million in value reported by Trico Marine today. All were with CTC or with the group's subsea services company, DeepOcean AS.

Contracts secured by Deep Ocean include a long term frame agreement for subsea services with a major oil company involving firm work for three annual campaigns covering structural and pipeline inspection in Norway.

"As previously indicated," said Mr. Campofelice, "the levels of tendering activity we are seeing within DeepOcean and CTC

Marine lead us to be cautiously optimistic for our subsea outlook from the second quarter in 2010 and beyond."