Page 1
Page 2
Page 3
Page 4
Page 5
Page 6
Page 7
Page 8
Page 9
Page 10
Page 11
Page 12
Page 13
Page 14
Page 15
Page 16
Page 17
Page 18
Page 19
Page 20
Page 21
Page 22
Page 23
Page 24
10AHistoryofGulfMarkOffshoreChairmanMillardaddedAcombinationofnewandgreateradvancesintheeconomiesofenergyusewithbettermethodsforthedetectionofwherehydrocarbonsliehiddenandbettertechniquesforreachingthematgreaterdepthsandinincreasinglyinhospitableplacescouldhaltorreversethedownwardtrendofannualworldwidepetroleumreserves.WemayevenbeblessedbygreaterluckincominguponunsuspectedlargenewreservoirsMr.WellscontinuedWehavemadesignicantprogresstowarddevelopinginstrumentsforidentifyingandmeasuringsubsurfaceconditionsbasedonnewprinciplesandtechniques.Intheprocesswehavefoundthatsomeoftheseinstrumentshaveapplicationsoutsidetheenergyindustry.GulfInterstatesAdvancedTechnologybusinessdevelopedpulseradartoinspectpavedsurfacestodeterminethethicknessofconcreteorasphaltaswellasthepresenceofmoistureandvoidsunderneaththeselayersofpavingmaterials.WithapplicationforhighwayscitystreetsandairportrunwaysitwastrademarkedasRODAR.ThesametechnologywasexploitedinthedevelopmentofanewbattleeldlandminedetectionsystemfortheU.S.Army.IntheerosioncontrolbusinessHoldThatRiverscapabilitiestomodelriversandoceancurrentsledtothedevelopmentofascourprotectiondeviceforplatformlegsonoffshoreoilfacilities.ManagementChangesDuring1983Dr.C.T.WellsbecameViceChairmanoftheBoardandMarkWellmanwasnamedPresidentandChiefExecutiveOfcer.TakesdeliveryofHighlandPipertherstsupplyvesselorderedandbuilttoGulfMarksspecications.EnergyVentureInc.andErconownershipareseparatedfromthenewentity.ChangesnameofcompanytoGulfMarkOffshoreInc.BruceA.StreeterisnamedPresident.19961997199719971983AnnualReportRODARAnalysisWerealizethatourlong-termsuccessisdependentonadaptingtotheshiofAmericanenterprisefromanindustrial-basedeconomytoonemoreorientedbothdomesticallyandinternationallytoserviceandtechnology.Dr.C.T.WellsPresident1983