Trico Marine Group Awarded Over $50 Million in Contracts

December 7, 2009

THE WOODLANDS, Texas, Dec. 7, 2009 (GLOBE NEWSWIRE) -- Trico Marine Services, Inc. (Nasdaq:TRMA) (the "Company" or "Trico") today announced new contract awards representing over $50 million in value, approximately $40 million of which are subsea contract awards for projects commencing in 2010.

Contract awards include extending term work in the North Sea with Statoil for an anchor handler, as well as further expanding the Company's Subsea and Protection division's non-oilfield services contracts. Specifically, CTC Marine was awarded a $40 million contract for the cable lay and ploughing activity on the Jeju Island Project. The workscope for KT Submarine will involve installation of two 105 kilometer cable bundles between Jeju Island and Jindo Mainland Korea in water depths of up to 160 meters.

Mr. Compofelice, Chairman and Chief Executive Officer of Trico, commented, "These contract awards show the strength and diversity of our subsea protection business worldwide. CTC Marine's cable lay and installation projects draw attention to the services mix of our backlog by securing non-oilfield projects. We believe our subsea capabilities will continue to differentiate us from our competitors on a global basis and expect a similar services mix of backlog to be achieved in the future."

About Trico Marine Group

The Trico Marine Group is an integrated provider of subsea, trenching and marine support vessels and services. Trico's Towing and Supply division provides a broad range of marine support services to the oil and gas industry through use of its diversified fleet of vessels including the transportation of drilling materials, supplies and crews to drilling rigs and other offshore facilities; towing drilling rigs and equipment, and support for the construction, installation, repair and maintenance of offshore facilities. Trico's Subsea Services and Subsea Protection divisions control a well equipped fleet of vessels and operate a fleet of modern ROVs and trenching and other subsea protection equipment. Trico Marine Services, Inc. is headquartered in The Woodlands, Texas and has a global presence with operations in the North Sea, West Africa, Mexico, Brazil and Southeast Asia.

Trico Marine Group