Sevan Marine ASA
Sevan Deepwater Technology is a Bergen, Norway-based marine engineering and design firm delivering patented cylindrical floating platform solutions and licensing to global offshore energy operators.
- Company typePrivate
- Founded2018
- HeadquartersLysaker, Norway
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Sevan Marine ASA does
Sevan Deepwater Technology, operating under the historical legal name Sevan Marine ASA, is a specialized marine engineering and design house headquartered in Bergen, Norway (Fantoftveien 2, 5072 Bergen). The company provides floating offshore solutions and services to global offshore energy operators from concept through operation, organized around three phases — Innovate, Design, and Execute. Its primary customer segment is oil and gas companies requiring floating production platforms as a cost-effective alternative to traditional ship-shaped, turret moored designs, with a vertically-targeted segmentation approach. Sevan explicitly markets itself as a lean design and technology firm rather than a constructor or operator.
Core technology centers on a patented Cylindrical Hull design, described as proven, protected intellectual property powering next-generation offshore floaters. The product portfolio also includes a new Semi-Submersible Floating Production Unit (Semi FPU) concept, the Inquire in-house digitalization platform offering mooring integrity monitoring, and a historical built-asset record of 6 FPSO units, 4 drilling units, and 2 accommodation units, supported by 75 years of accumulated operational experience. Underlying technical capabilities span hull hydrodynamics, mooring systems, and a comprehensive in-house supply chain for project execution, with DNV engaged as a certification and standards validation partner.
The business model combines professional engineering design services (project-by-project engagements) with licensing of the proprietary Sevan hull technology to offshore energy operators. Go-to-market is direct enterprise field sales to offshore energy operators globally, supported by digital content marketing via the company website and a LinkedIn presence. Pricing is not publicly disclosed and contracts are negotiated per project. Ownership, management personnel, and detailed financials are not disclosed in the source material, consistent with the company's private, specialist positioning.
Sevan Marine ASA firmographics
Firmographics- Name
- Sevan Marine ASA
- Legal name
- Sevan Deepwater Technology
- Website
- https://sevanssp.com
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Sevan Deepwater Technology is a Bergen, Norway-based marine engineering and design firm delivering patented cylindrical floating platform solutions and licensing to global offshore energy operators.
- Ownership category
- akta.pro rank
Sevan Marine ASA industry classification
Industry- Product category
- Offshore Floating Production Engineering
- NAICS
- Ship and Boat Building (33661), Ship Building and Repairing (336611), Other Support Activities for Water Transportation (48839)
- SIC
- Ship & Boat Building & Repairing (3730), Oil & Gas Field Services, Nec (1389)
- akta.pro primary industry
- Project Management & Owner’s Engineering / Technical Consultancy (Spec Writing, Bid Support, Site Support) (IMAJAGAO)
- akta.pro secondary industry
- Digital Engineering & Simulation (CFD/FEA, Digital Twins, Model-Based Engineering) (IMAJAGAL)
Keywords
Where Sevan Marine ASA is headquartered
LocationHeadquarters
- HQ city
- Lysaker
- HQ country
- Norway
- HQ region
- Europe
Offices1 record
Markets served
Sevan Marine ASA business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Supply Chain, Infrastructure
Revenue model
- Engineering Design and Technology Services: The company provides cost-efficient and reliable floating offshore solutions and services from concept to operation, including design development and project execution support.
- Licensing Agreements: Revenue generated from licensing the Sevan hull technology and proprietary designs to offshore energy operators.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels2 records
Sevan Marine ASA product offering
Product offeringCore offering
Sevan Marine ASA (operating as Sevan Deepwater Technology) is a lean marine engineering and design firm that delivers floating offshore solutions from concept to operation. Its core offering centers on patented Cylindrical Hull Technology and associated floating production, drilling, and accommodation unit designs, supplemented by the in-house Inquire digitalization platform that provides mooring integrity monitoring. The company serves offshore energy operators with three-phase engagements: innovation, design development, and project execution with supply chain support.
Product overview
Sevan Deepwater Technology is a specialized marine engineering and design company providing floating offshore solutions from concept to operation. The company offers a portfolio of proprietary technologies and built units including its patented Cylindrical Hull Technology (cost-effective alternative to traditional ship-shaped designs), Semi-Submersible Floating Production Units (Semi FPU), an Inquire digitalization platform for mooring integrity monitoring, along with 6 FPSO units, 4 drilling units, and 2 accommodation units. Their service offering spans three phases: Innovate (creating smart solutions), Design (cost-effective development), and Execute (project execution with supply chain management). The company has 75 years of operational experience in the offshore floating solutions sector.
Differentiator
Problem solved
Functional benefit
Products and services
- Cylindrical Hull Technology Proprietary patented cylindrical floating hull architecture that serves as a cost-effective alternative to traditional ship-shaped, turret moored designs for offshore floating production platforms; licensed to and engineered for offshore energy operators.
- Semi-Submersible Floating Production Unit (Semi FPU) A new semi-submersible floating production unit concept built to carry more, do more, and deliver more for offshore energy operations.
- Inquire Platform Sevan's in-house digitalization platform providing mooring integrity monitoring services for offshore floating installations.
- FPSO Units Floating Production, Storage, and Offloading units delivered to offshore energy operators, with 6 units built using Sevan's cylindrical hull and related designs.
- Floating Drilling Units Floating drilling units designed and delivered for offshore drilling operators; 4 units have been built.
- Floating Accommodation Units Floating accommodation units for offshore operations personnel; 2 units have been built.
Quantifiable outcome
- 6 FPSO units built, 4 drilling units built, 2 accommodation units built demonstrating proven track record
Companies that use Sevan Marine ASA
Customer profileSegments1 record
Ideal customer profiles1 record
Sevan Marine ASA technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Sevan Marine ASA partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- DNVminorDNV is referenced as a certification/validation partner for Sevan's technology and standards. The DNV logo appears on the company website indicating quality assurance and compliance verification for their offshore solutions.
Scale indicators5 records
Recent moves5 records
Expansion highlights4 records
Sevan Marine ASA competitors and assessment
Company assessmentMarket position
Strengths4 records
Competitive moat3 records
Key risks6 records
Key highlights6 records
Customer concentration
Sevan Marine ASA social profiles
Digital presenceSevan Marine ASA financial estimates
Financial estimateRevenue estimate
Valuation estimate
Sevan Marine ASA leadership team
Management profileNumber of profiles
Profiles1 record
Sevan Marine ASA funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Sevan Marine ASA 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 Sevan Marine ASA
What does Sevan Marine ASA do?
Sevan Marine ASA (operating as Sevan Deepwater Technology) is a lean marine engineering and design firm that delivers floating offshore solutions from concept to operation. Its core offering centers on patented Cylindrical Hull Technology and associated floating production, drilling, and accommodation unit designs, supplemented by the in-house Inquire digitalization platform that provides mooring integrity monitoring. The company serves offshore energy operators with three-phase engagements: innovation, design development, and project execution with supply chain support.
Is Sevan Marine ASA a public or private company?
Sevan Marine ASA is a private company. It is classified as unknown and is currently operating.
When was Sevan Marine ASA founded?
Sevan Marine ASA was founded in 2018. It employs 11 to 50 people.
Where is Sevan Marine ASA based?
Sevan Marine ASA is headquartered in Lysaker, Norway, in the Europe region.
How does Sevan Marine ASA make money?
Two revenue lines are on record. Engineering Design and Technology Services are the primary driver. The others are licensing Agreements.
Does Sevan Marine ASA have an API?
No public API is recorded for Sevan Marine ASA.
What industry is Sevan Marine ASA in?
Sevan Marine ASA's product category is Offshore Floating Production Engineering. Its primary akta.pro industry code is IMAJAGAO, Project Management & Owner’s Engineering / Technical Consultancy (Spec Writing, Bid Support, Site Support), with a secondary code of IMAJAGAL, Digital Engineering & Simulation (CFD/FEA, Digital Twins, Model-Based Engineering). Its NAICS code is 33661 and its SIC code is 3730.