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Pelagian International LTD Sell 50% Share to Terramaris GmbH
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Pelagian International sells 50% share to TerraMaris

25-11-2004 Leer – Pelagian International Ltd. has sold its 50% share in Five Oceans Services GmbH to TerraMaris GmbH and Five Oceans Services has now been fully integrated into the TerraMaris Group of Companies.

Pelagian International Ltd. will remain a close business relation with Five Oceans Services GmbH in the future for the supply of highly qualified field staff.

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Lars Muck
Commercial Director
+49(0)491-91243-0
soc@subsea7.com