GulfMark Offshore, Inc. announces Mexico partnership

GulfMark Offshore

HOUSTON, Feb. 07, 2018 (GLOBE NEWSWIRE) — GulfMark Offshore, Inc. (NYSE:GLF) announced today that it has entered into a partnership with Marcos y Asociados Infraestructura y Energia SC (Marcos y Asociados) through a Mexican joint venture entity, GulfMark Servicios de Mexico, S de R.L. de C.V. with an aim of expanding business activities in Mexico.

The joint venture, which is majority Mexican owned, will provide Mexican and foreign flagged Offshore Support Vessels (OSV’s) to GulfMark’s Mexican customer base, which has been expanding since the company began operations in Mexico in 2005.

Marcos y Asociados, established in 1995, is a financial consulting and business development firm specializing in the Mexico energy industry with an active presence in the sector. The firm’s executive team has deep industry knowledge and expertise anchored by over 30-years of involvement in the oil and gas, financial, and power sectors in Mexico.

With representation in Mexico City and Ciudad del Carmen, GulfMark Servicios de Mexico, will provide OSV services from the GulfMark fleet of high specification, technologically advanced vessels to the highest standards of Health, Environmental, Safety, Quality (HSEQ) and Operational performance using experienced and highly skilled local mariners and shore side support staff.

Quintin Kneen, President and CEO of GulfMark Offshore, commented, “Partnering with Marcos y Asociados will allow us to maximize opportunities in the growing Mexican market. Strengthening our presence in Mexico and further developing our customer relationships will position our joint venture as the Maritime partner of choice in Mexico.”

Ernesto Marcos Giacomán, President of Marcos y Asociados added, “We are delighted with this partnership, we have high hopes that the collaboration of two quality companies with similar values, and with a history and experience of doing business in Mexico will allow us to serve new international players who have secured blocks in México’s recently opened offshore E&P sector.”

GulfMark Offshore, Inc. provides marine transportation services to the energy industry through a fleet of offshore support vessels serving major offshore energy markets in the world.

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