Dragados Offshore
Dragados Offshore is a Spanish EPC contractor that designs and builds fixed offshore oil & gas platforms, HVDC/HVAC offshore wind converter platforms, and onshore industrial modules for energy operators worldwide, operating four fabrication yards totaling over 1.8 million m² and serving as a European leader in 2 GW HVDC platform construction.
- Company typePrivate
- Founded1972
- HeadquartersPuerto Real, Spain
- Headcount1,001–5,000
- GTM typeB2B
- OfferingHardware or Manufacturing
What Dragados Offshore does
Dragados Offshore, S.A.U. is a privately held Spanish EPC (Engineering, Procurement, Construction, Installation, and Commissioning) contractor headquartered in Puerto Real (Cádiz), Spain, founded in 1972 and operating from its main yard since 1975. The company specializes in the design and construction of complex offshore infrastructure — fixed platforms (jackets, integrated topsides, compression platforms, living quarters), HVDC and HVAC converter platforms for offshore wind farms, substructures for offshore wind turbines, and modular construction for onshore industrial plants (refineries, petrochemical, LNG, GTL). Its product portfolio rests on a vertically integrated EPCIC execution model supported by four fabrication yards totaling over 1.8 million m², including Europe's largest yard at Puerto Real (733,000 m²) with deep-water quay access and 22 covered workshops. The company has delivered ~80 offshore platforms and over 1 million tons of steel structures across ~100 projects globally, and is recognized as a European leader in the construction of HVDC offshore converter platforms, with six 2 GW platforms currently under development for TenneT and 50Hertz.
The company serves two primary end markets: international oil & gas operators (Pemex, Statoil, ConocoPhillips, BP, Shell, Total, Hess, Maersk, Equinor) and renewable energy operators (TenneT, 50Hertz, Ørsted, Amprion), with secondary exposure to onshore industrial plant operators via modular construction. Its go-to-market is direct enterprise sales via competitive tendering for multi-year lump-sum or unit-rate EPC contracts. Revenue is generated through one-time EPC project deliveries (jackets and topsides, HVDC platforms, modular plant units) supplemented by long-tail professional services such as the 10-year O&M contract for Pemex's CA-KU-A compression platform. Pricing is not publicly disclosed and is negotiated on a project-by-project basis. Geographic reach spans Europe (Spain, Germany, Norway, UK, Denmark, Italy), North America (Mexico, U.S.), and South America (Brazil, Argentina).
Dragados Offshore became a wholly-owned subsidiary of COBRA IS (a VINCI-group industrial conglomerate focused on energy infrastructure) in December 2021. It maintains operational independence in project execution while benefiting from group-level capital, compliance, and ESG frameworks (ISO 37001 anti-corruption, ISO 27001 information security, UNE 19601 compliance management, Safety Culture Ladder Level 3). The current strategic emphasis is a deliberate pivot from oil & gas legacy work toward European offshore wind HVDC platforms, where the company has secured the dominant visible share of TenneT and 50Hertz 2 GW platform awards and has just opened the Algeciras yard (2025) specifically to integrate the resulting volume.
Dragados Offshore firmographics
Firmographics- Name
- Dragados Offshore
- Legal name
- Dragados Offshore, S.A.U.
- Website
- https://dragadosoffshore.com
- Company type
- Private
- Founded year
- 1972
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- Dragados Offshore is a Spanish EPC contractor that designs and builds fixed offshore oil & gas platforms, HVDC/HVAC offshore wind converter platforms, and onshore industrial modules for energy operators worldwide, operating four fabrication yards totaling over 1.8 million m² and serving as a European leader in 2 GW HVDC platform construction.
- Ownership category
- akta.pro rank
Dragados Offshore industry classification
Industry- Product category
- Offshore Platform Construction and EPC Contracting
- NAICS
- Oil and Gas Field Machinery and Equipment Manufacturing (333132), Power Boiler and Heat Exchanger Manufacturing (332410)
- SIC
- Oil & Gas Field Machinery & Equipment (3533)
- akta.pro primary industry
- Wind Farm EPC & Balance of Plant Construction (Civil, Electrical, Substations) (EUAMACAF)
- akta.pro secondary industries
- Marine & Offshore Wind BOP Construction (Foundations, Cables, Ports, Installation Support) (EUAMAFAI), Wind Power Plant EPC (Onshore/Offshore) (EUAEAAAF), Wind Balance-of-Plant EPC (Crane Pads, Turbine Foundations, Internal Roads) (EUAEADAI), Construction Management & General Contracting (EPCM, Scheduling, QA/QC, HSE) (EUAMAFAJ)
Keywords
Where Dragados Offshore is headquartered
LocationHeadquarters
- HQ city
- Puerto Real
- HQ country
- Spain
- HQ region
- Europe
Offices9 records
Markets served
Dragados Offshore business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Personnel, Operations, Infrastructure, Supply Chain, Technology or R&D
Revenue model
- EPC Contracts for Oil & Gas Platforms: Engineering, Procurement, Construction contracts for offshore platforms for extraction and processing of oil and natural gas, including fixed platforms, jackets, topsides, compression platforms, and accommodation modules
- EPC Contracts for Renewable Energy Infrastructure: Construction of HVDC and HVAC offshore wind converter platforms, substructures for wind turbines, and onshore substations for major electrical operators
- Modular Construction for Onshore Plants: Delivery of modules for onshore plants including refineries, petrochemical factories, LNG and GTL plants, leveraging specialized labor in controlled yard conditions
- Operations and Maintenance Services: Operation and maintenance services for delivered platforms, such as the 10-year O&M contract for CA-KU-A compression platform for Pemex
Go-to-market motion1 record
Distribution channels1 record
Marketing channels5 records
Dragados Offshore product offering
Product offeringCore offering
Dragados Offshore is an EPC contractor that designs, fabricates, and delivers fixed offshore platforms (jackets, integrated topsides, compression platforms, living quarters, and LNG liquefaction and regasification terminals) for oil & gas operators, and HVDC and HVAC offshore wind converter platforms for renewable energy operators. The company also provides modular construction for onshore plants (refineries, petrochemical, LNG, and GTL facilities) and special projects (gantry cranes, dam gates, pressure vessels, tanks), supported by end-to-end EPCIC capabilities from FEED design through commissioning and post-delivery operations and maintenance services.
Product overview
Dragados Offshore is a physical goods and services company — not a software platform — that operates as an internationally renowned EPC (Engineering, Procurement, and Construction) contractor for the oil & gas and renewable energy sectors. Its product portfolio consists of physical infrastructure offerings organized around four core lines: (1) Fixed Offshore Platforms (Jackets, integrated Topsides, compression platforms, living quarters, and LNG terminals) — its traditional core business; (2) HVDC and HVAC Offshore Converter Platforms and their substructures — its growing renewable energy segment, where it is a recognized European leader; (3) Modular Construction for Onshore Plants (refineries, petrochemical, LNG, GTL); and (4) Special Projects (gantry cranes, dam gates, pressure vessels). EPCIC Solutions underpin all offerings, providing integrated engineering, procurement, construction, installation, and commissioning from concept to delivery. The company has also invested in R&D through a Modular Monitoring System for offshore HVDC infrastructure.
Differentiator
Problem solved
Functional benefit
Quantifiable outcome
- Over 1 million tons of offshore structures delivered globally across approximately 100 projects
- +2 more outcomes
Companies that use Dragados Offshore
Customer profileNamed customers18 records
Segments3 records
Ideal customer profiles3 records
Dragados Offshore technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Dragados Offshore partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core, flagship and minor.
- COBRA IS (Cobra Instalaciones y Servicios)coreDragados Offshore became part of COBRA IS in December 2021. COBRA IS is an industrial benchmark and key player in the energy sector. This acquisition positioned Dragados Offshore within a major international group focused on energy infrastructure development.
- Siemens EnergycoreCollaboration partner for HVDC offshore converter platform projects including BorWin5, DolWin6, and LanWin2. Dragados Offshore develops and constructs platforms under this partnership while Siemens Energy provides converter technology.
- TenneTflagshipMajor German grid operator and client for multiple HVDC offshore wind projects including BorWin5 (900 MW), DolWin6, and LanWin2 (2 GW each). TenneT is one of Europe's leading offshore transmission system operators.
- 50HertzflagshipGerman transmission system operator for the Baltic Sea region, client for LanWin3 HVDC offshore platform project (2 GW capacity). Part of European energy transition infrastructure development.
- AmprioncoreGerman transmission system operator, client for BorWin4 and DolWin4 HVDC offshore platform projects in the German North Sea sector.
- Ørsted (formerly DONG Energy)coreDanish offshore wind developer and operator. Awarded the Hornsea 1 project to Dragados Offshore in 2016, marking the company's entry into the offshore wind sector.
- CimolaiminorItalian subcontractor for steel fabrication of LanWin2 project. Performed first steel cutting ceremony at their facility in Italy as part of the project's supply chain.
- EversendaiminorUAE-based subcontractor for steel fabrication of LanWin2 project. Performed first steel cutting ceremony at their facility in the United Arab Emirates.
Scale indicators8 records
Recent moves7 records
Expansion highlights6 records
Dragados Offshore competitors and assessment
Company assessmentDirect peers
- Saipem: Major Italian offshore EPC contractor delivering fixed platforms, jackets, topsides and offshore wind substations for oil & gas and renewable clients globally. Most directly comparable to Dragados Offshore across both legacy O&G and HVDC platform work.
- McDermott International: Houston-headquartered offshore EPC contractor executing fixed platforms, jackets and subsea infrastructure for international oil & gas and offshore wind clients. Directly comparable in scope, customer base and execution model.
- Aker Solutions: Norwegian offshore EPC contractor with deep expertise in fixed platforms, jackets, topsides and offshore wind HVDC platforms (e.g., Dogger Bank). Highly comparable to Dragados in capability mix and North Sea client base.
- HSM Offshore Energy: Dutch fabricator of offshore platforms, jackets and high-voltage substations for offshore wind (e.g., TenneT projects). Closely comparable European competitor in HVDC platform fabrication.
- Smulders: Belgian-Dutch steel constructor specializing in offshore wind substations and jackets (e.g., for TenneT and RWE). Competes head-to-head with Dragados in HVDC platform and foundation fabrication in Europe.
- Seatrium (formerly Keppel Offshore & Marine): Singapore-based offshore engineering and yard operator building fixed platforms, FPSOs, jackets and offshore wind substations globally. Comparable in yard-based EPCIC model and offshore platform product mix.
- Lamprell: UAE-based EPC contractor focused on offshore platforms, jackets and rig construction for the Middle East and international oil & gas markets. Comparable legacy O&G platform business, though with less renewable energy exposure.
- Heerema Marine Contractors: Dutch offshore construction contractor delivering transport, lift and installation of offshore platforms and wind foundations. Comparable customer base and offshore energy project mix, though focused on installation rather than fabrication.
- Bladt Industries: Danish fabricator of offshore wind foundations and substations, supplying jackets and HVDC platforms for North Sea developers. Directly comparable niche competitor in the same European offshore wind value chain.
Broad incumbents
- Technip Energies: Larger French-based energy EPC incumbent with broader onshore/offshore LNG, refining and offshore wind capabilities. Adjacent competitor with overlapping customers but a wider portfolio than Dragados Offshore.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Dragados Offshore social profiles
Digital presenceDragados Offshore compliance and trust
Trust signalCompliance10 records
Dragados Offshore financial estimates
Financial estimateRevenue estimate
Valuation estimate
Dragados Offshore leadership team
Management profileNumber of profiles
Profiles8 records
Dragados Offshore subsidiaries and ownership
Company hierarchySubsidiaries1 record
Dragados Offshore funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Dragados Offshore M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Dragados Offshore
What does Dragados Offshore do?
Dragados Offshore is an EPC contractor that designs, fabricates, and delivers fixed offshore platforms (jackets, integrated topsides, compression platforms, living quarters, and LNG liquefaction and regasification terminals) for oil & gas operators, and HVDC and HVAC offshore wind converter platforms for renewable energy operators. The company also provides modular construction for onshore plants (refineries, petrochemical, LNG, and GTL facilities) and special projects (gantry cranes, dam gates, pressure vessels, tanks), supported by end-to-end EPCIC capabilities from FEED design through commissioning and post-delivery operations and maintenance services.
Is Dragados Offshore a public or private company?
Dragados Offshore is a private company. It is classified as corporate owned and is currently operating.
When was Dragados Offshore founded?
Dragados Offshore was founded in 1972. It employs 1,001 to 5,000 people.
Where is Dragados Offshore based?
Dragados Offshore is headquartered in Puerto Real, Spain, in the Europe region.
How does Dragados Offshore make money?
Four revenue lines are on record. EPC Contracts for Oil & Gas Platforms are the primary driver. The others are EPC Contracts for Renewable Energy Infrastructure, modular Construction for Onshore Plants and operations and Maintenance Services.
Who are Dragados Offshore's main competitors?
Direct peers on record are Saipem, McDermott International, Aker Solutions, HSM Offshore Energy, Smulders, Seatrium (formerly Keppel Offshore & Marine), Lamprell, Heerema Marine Contractors and Bladt Industries. Technip Energies is listed as a broad incumbent.
Does Dragados Offshore have an API?
No public API is recorded for Dragados Offshore.
What industry is Dragados Offshore in?
Dragados Offshore's product category is Offshore Platform Construction and EPC Contracting. Its primary akta.pro industry code is EUAMACAF, Wind Farm EPC & Balance of Plant Construction (Civil, Electrical, Substations), with a secondary code of EUAMAFAI, Marine & Offshore Wind BOP Construction (Foundations, Cables, Ports, Installation Support). Its NAICS code is 333132 and its SIC code is 3533.