Optime Subsea

What Optime Subsea does

Optime Subsea AS is a Norway-based technology provider specializing in umbilical-less subsea intervention and completion systems for deepwater and ultra-deepwater oil and gas operations. Founded in 2005 and headquartered in Notodden with 51-100 employees, the company has built a portfolio of proprietary hardware systems — including the Subsea Controls and Intervention Light System (SCILS), Remote Operated Control System (ROCS), Enhanced Remote Operated Completion System (eROCS), and Optime Tubing Hanger Orientation System (OTHOS) — that eliminate traditional umbilicals, hydraulic power units, and large surface footprints from subsea well intervention campaigns. Adjacent offerings such as Veto subsea safety systems, DynaLink acoustic telemetry, and the Dash electrohydraulic control module extend the portfolio into an integrated intervention stack, including the industry's first umbilical-less tubing hanger installation executed with Aker BP in 2024.

Name

Optime Subsea

Legal name

Optime Subsea AS

Website

https://optimesubsea.com

Company type

Private

Founded year

2005

Operating status

Operating

Headcount range

51–100 employees

Short description

Optime Subsea AS, a Halliburton-owned Norway-based technology company, provides proprietary umbilical-less subsea intervention and completion systems (SCILS, ROCS, eROCS, OTHOS) for deepwater and ultra-deepwater offshore oil and gas operators globally.

Ownership category

akta.pro rank

Product category

Subsea Intervention Systems

NAICS

Oil and Gas Field Machinery and Equipment Manufacturing (333132)

SIC

Oil & Gas Field Machinery & Equipment (3533), Oil & Gas Field Services, Nec (1389)

akta.pro primary industry

Subsea Services & Equipment (Subsea Trees, Umbilicals, Installation, IMR) (EUALABAI)

akta.pro secondary industry

Offshore E&P (Shallow/Deepwater, Subsea Production Systems) (EUALAAAI)

Keywords

• Subsea intervention systems
• Subsea completion technology
• Umbilical-less intervention
• Offshore oilfield services
• Deepwater well intervention

Headquarters

HQ city

Notodden

HQ country

Norway

HQ region

Europe

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Operations, Technology or R&D, Supply Chain, Marketing or Sales

Revenue model

1. Subsea Intervention Services: Optime provides subsea completion and intervention technology services to offshore oil and gas operators. The revenue model is service-based, integrating with Halliburton's broader portfolio of subsea solutions including proprietary tools, systems, and expertise for deepwater operations.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Optime Subsea designs, manufactures, and delivers umbilical-less subsea completion and intervention systems for deepwater and ultra-deepwater offshore oil and gas operators. Its portfolio includes closed-loop subsea controls (SCILS), tubing hanger installation systems (ROCS, eROCS), the OTHOS orientation system, subsea safety systems (Veto), acoustic telemetry (DynaLink), and electrohydraulic control modules (Dash), sold and serviced through Halliburton's global enterprise sales organization.

Product overview

Optime Subsea, a Halliburton service, offers a comprehensive portfolio of subsea completion and intervention technologies designed for deepwater and ultra-deepwater environments. The portfolio includes umbilical-less systems (eROCS, ROCS), the SCILS closed-loop subsea controls unit, OTHOS tubing hanger orientation system, Veto subsea safety systems, DynaLink acoustic telemetry, and Dash electrohydraulic control modules. These products work together to eliminate traditional umbilicals and hydraulic power units, reduce rig footprint, minimize crew exposure to hazardous zones, and enable safer, more efficient subsea well interventions.

Differentiator

Problem solved

Functional benefit

Brands

• OTHOS (Optime Tubing Hanger Orientation System): Achieves faster, safer subsea completions through precise orientation. Reduces rig time, improves safety, and simplifies offshore operations.
• eROCS (Enhanced Remote Operated Completion System)
• ROCS (Remote Operated Control System)
• SCILS (Subsea Controls and Intervention Light System)

Products and services

• Optime Tubing Hanger Orientation System (OTHOS) Achieves faster, safer subsea completions through precise tubing hanger orientation, reducing rig time, improving safety, and simplifying offshore operations for subsea well completion installations.
• Enhanced Remote Operated Completion System (eROCS) Umbilical-less subsea completion system that removes traditional umbilicals and hydraulic power units to reduce rig time, minimize red zone exposure, and optimize offshore efficiency for deepwater operators.
• Remote Operated Control System (ROCS) Umbilical-less subsea tubing hanger installation system that reduces rig footprint, crew size, and operational complexity by eliminating traditional reels, control umbilicals, and hydraulic pressure units.
• Subsea Controls and Intervention Light System (SCILS) Industry-first, field-proven closed-loop subsea controls unit complete with redundant subsea pumps, control modules, and a hydraulic reservoir, delivering reliable intervention workover control services that integrate flexibly with a broad range of subsea equipment and platforms.
• Veto Subsea Safety Systems Hydraulically operated dual fail-safe closed valve system designed as a primary well control barrier for subsea operations, integrating seamlessly with ROCS for enhanced subsea safety.
• DynaLink Acoustic Telemetry System Acoustic telemetry system that enables real-time bi-directional communication between downhole tools and the surface, allowing immediate data transmission during subsea interventions.
• Dash Electrohydraulic Control Module System Electrohydraulic control module system that brings speed, strength, and simplicity to well control, providing robust and reliable barriers to safeguard personnel, equipment, and the environment.

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• HalliburtoncoreOEM/ Whitelabel/ Licensing PartnerOptime Subsea AS operates as a Halliburton service, with Halliburton having acquired the company. The technologies are integrated into Halliburton's broader subsea completion and intervention portfolio and distributed through Halliburton's global sales organization.

Recent moves4 records

Expansion highlights1 record

Direct peers

• Trendsetter Engineering: Trendsetter Engineering designs and manufactures subsea intervention tooling and pressure-control equipment for offshore oil and gas operators. Direct peer given similar focus on specialized subsea intervention hardware for deepwater applications.
• Aker Solutions: Aker Solutions is a Norwegian-headquartered subsea and offshore engineering company delivering subsea production systems, umbilicals, and intervention technologies to North Sea and global deepwater operators. Direct peer given overlap in subsea completion equipment and Norwegian offshore heritage.
• TechnipFMC: TechnipFMC is one of the largest integrated subsea equipment and intervention providers, supplying subsea trees, controls, and umbilical systems to offshore E&P operators. Directly comparable to Optime as a full-spectrum subsea intervention and completion technology provider serving deepwater operators.
• Forum Energy Technologies: Forum Energy Technologies manufactures and supplies subsea hardware, remotely operated vehicle (ROV) tools, and intervention equipment used in offshore oil and gas. Direct peer given overlapping subsea tooling, intervention equipment, and offshore oilfield supply exposure.
• Subsea 7: Subsea 7 specializes in subsea installation, inspection, maintenance, and repair (IMR) and construction services for offshore oil and gas, with a focus on deepwater field developments. Comparable to Optime as a subsea intervention and installation specialist serving offshore operators.
• Oceaneering International: Oceaneering is a major subsea robotics and intervention services provider, offering ROV operations, intervention tooling, and subsea hardware. Directly comparable to Optime in subsea well intervention and completion support for offshore operators.
• Helix Energy Solutions Group: Helix Energy Solutions provides subsea well intervention and offshore robotics services, including its i-series well intervention vessels and ROV-based intervention tooling. Strong peer given overlapping subsea intervention service portfolio for deepwater operators.

Broad incumbents

• Saipem: Saipem is a major offshore engineering and construction firm operating in EDRC (Engineering, Drilling, Rigs, and Construction), providing subsea installation, intervention, and offshore field development services. Comparable as a broad incumbent in subsea field development and offshore intervention.
• SLB (Schlumberger): SLB is one of the largest oilfield services companies, with subsea intervention and completions offerings including well intervention services and subsea hardware. Comparable to Optime as a broad oilfield services incumbent with overlapping subsea intervention capabilities.
• Baker Hughes: Baker Hughes is a major oilfield services incumbent with a broad subsea production and intervention portfolio through its Subsea & Surface Pressure Systems business. Comparable to Optime as a broad oilfield services incumbent supplying subsea hardware to offshore operators.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Optime Subsea