The investment comes with an option to buy the remaining 50% after seven year against agreed terms.

Financial details of the deal were not disclosed.

Oceanteam purchased the stake through its joint venture, DOT Holdings.

DOT was founded in late March as the partnership between Oceanteam and Mexico’s oil company Grupo Diavaz.

The move had immediate effect on Oceanteam’s financial performance, with an increase both in net profit and revenue for the second quarter ended 30 June.