2H Offshore
- Company typePrivate
- Founded1994
- HeadquartersHouston, United States
- Headcount251–500
- GTM typeB2B
- OfferingServices
2H Offshore firmographics
Firmographics- Name
- 2H Offshore
- Legal name
- 2H Offshore Engineering Ltd.
- Website
- https://2hoffshore.com
- Company type
- Private
- Founded year
- 1994
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Ownership category
- akta.pro rank
2H Offshore industry classification
Industry- Product category
- Offshore Engineering Services
- NAICS
- Oil and Gas Field Machinery and Equipment Manufacturing (333132)
- SIC
- Oil & Gas Field Services, Nec (1389)
- akta.pro primary industry
- Offshore E&P (Shallow/Deepwater, Subsea Production Systems) (EUALAAAI)
- akta.pro secondary industries
- Marine & Offshore Energy O&M (Offshore Wind, Platforms, Subsea Assets) (EUAEAGAO), Offshore Wind Substructures & Marine Engineering (Monopiles, Jackets, Floating) (EUAMACAE)
Keywords
Where 2H Offshore is headquartered
LocationHeadquarters
- HQ city
- Houston
- HQ country
- United States
- HQ region
- North America
Offices11 records
Markets served
2H Offshore business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Engineering consulting services: Core revenue from advanced systems engineering, design and analysis services across the asset lifecycle — concept engineering, structural engineering, FFS assessment, system verification & CVA, integrity planning and monitoring/digital twin — delivered on a project basis to operators, EPC contractors and developers.
- Custom hardware design, fabrication & delivery: Turnkey design-to-delivery of bespoke subsea hardware (e.g., weak link joints, clamps, repair sleeves, I-tubes, tether clamps) including package engineering, procurement, qualification testing and installation support; includes multi-million-dollar delivery management (e.g., $75M+ of subsea equipment personally overseen by Daniel Reagan).
- EPC / fixed platform delivery (via Upstream Engineering): Following the acquisition of Houston-based EPC specialist Upstream Engineering in March 2026, 2H/Acteon offers engineering, procurement and construction of fixed platform solutions (up to 150m water depth) for early production, marginal field developments and infrastructure extensions across the Americas.
- Joint Industry Projects (JIP) sponsorship: Recurring multi-operator funded R&D programmes (e.g., STREAM JIP, TRACS JIP, Measurement-based Wellhead Fatigue JIP) that generate revenue from operator participants in exchange for access to developed methodologies and benchmarks.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Project-based engineering services priced per scope |
| Unit Pricing | Multi-year contract | Hardware design, fabrication & delivery — turnkey per unit/package |
| Other | Annual | JIP participation fees (multi-operator funded R&D) |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels10 records
2H Offshore product offering
Product offeringCore offering
2H Offshore is a global offshore engineering consultancy that delivers advanced systems engineering, design, analysis, integrity management and turnkey subsea hardware for offshore oil & gas, offshore wind (fixed and floating) and decarbonisation projects. Its portfolio spans riser systems (drilling, completion, TTR, SCR, flexible, hybrid), minimum facility platforms, subsea SURF, fixed/floating wind foundations, HV cables, FPSO/FLNG water cooling, CCUS and hydrogen concepts. It also operates the proprietary iCUE Asset Lifecycle Intelligence Platform and runs industry-leading measurement-based Joint Industry Projects (STREAM, TRACS, Measurement-based Wellhead Fatigue) that underpin its integrity and digital twin offering.
Product overview
2H Offshore operates a platform-plus-modules architecture: the iCUE Asset Lifecycle Intelligence Platform sits at the centre of its Integrity & Digital Twin capability and is being extended with machine-learning-driven digital twin and predictive fatigue analytics, while a global suite of engineering service modules (Geoconsulting, System Design & Engineering, Hardware Design Fabrication & Delivery, Transportation & Installation Support, Monitoring & Digital Twin, Integrity, and Decommissioning & Life Extension) is delivered across three sector streams — Oil & Gas (Riser Systems, Platforms, Subsea Systems), Renewables (Fixed Wind, Floating Wind, HV Cables) and Decarbonisation (Water Cooling Systems, Carbon Capture, Hydrogen). Together these modules support activities ranging from minimum facility platforms and subsea SURF to monopile and floating offshore wind foundations, dynamic HV inter-array cables, and seawater intake risers for FPSO carbon-footprint reduction. The portfolio is reinforced by the acquisition of Upstream Engineering (March 2026), which more than doubles 2H's fixed platform depth capability and adds turnkey EPC delivery, and by two flagship Joint Industry Projects — the STREAM JIP for Steel Catenary Risers and the Measurement-Based Wellhead Fatigue JIP — that provide measurement-based validation underpinning the company's iCUE integrity and digital twin offering.
Differentiator
Problem solved
Functional benefit
Brands
- iCUE Asset Lifecycle Intelligence Platform: 2H's integrity management software platform developed and enhanced by the integrity and digital team.
Products and services
- Oil & Gas — Riser Systems Engineering Engineering services for drilling, completion & workover risers and production & export risers, covering concept, detailed design, analysis, hardware, installation support and integrity management of deepwater and shallow water riser systems. Targeted at oil & gas operators and EPC contractors.
- Oil & Gas — Offshore Platforms Engineering Engineering services for Minimum Facility Platforms (MFPs), Monopile Wellhead Platforms, and Early Production Systems (EPS), supporting cost-effective shallow-water and marginal-field developments including MOPU wellbay integration. Targeted at oil & gas operators and developers.
- Oil & Gas — Subsea Systems Engineering Engineering services for subsea jumpers, umbilicals, conductors, subsea wells, and pipelines and flowlines (SURF scope), including structural analysis, hardware design, and installation support. Targeted at oil & gas operators and EPC contractors.
- Renewables — Fixed Offshore Wind Engineering Engineering services for fixed-bottom offshore wind foundations, including monopile foundation design, pre-piling and drilling templates, drivability studies, pile installation risk assessments, and near-field noise assessments during pile driving. Targeted at offshore wind developers and installation contractors.
- Renewables — Floating Offshore Wind Engineering Engineering services for floating offshore wind foundations, floating foundations and mooring systems, anchors, dynamic HV inter-array and export power cable configuration design, and fully coupled floater–turbine analyses. Targeted at floating offshore wind developers and EPC contractors.
- Renewables — HV Power Cable Engineering & Verification Engineering and verification services for high-voltage subsea power cables used in offshore wind, including cross-section modelling, capacity chart verification, and crush/holdback analysis using tools such as UFLEX. Targeted at offshore wind developers and cable manufacturers.
- Decarbonisation — Water Cooling Systems (FPSO/FLNG SWIRs) Engineering of Sea Water Intake Risers (SWIRs) and water cooling solutions to reduce FPSO/FLNG carbon footprint, including feasibility assessment of steel and HDPE SWIRs for deepwater applications up to 700 m. Targeted at oil & gas operators and decarbonisation/energy transition clients.
- Decarbonisation — Carbon Capture Engineering Engineering services supporting offshore carbon capture initiatives, including reuse of existing pipelines and regulatory considerations for CO2 injection. Targeted at energy transition clients and oil & gas operators pursuing CCUS.
- Decarbonisation — Offshore Hydrogen Engineering Engineering services supporting hydrogen production from offshore wind, including alkaline vs PEM electrolyser concept evaluation and levelised cost of hydrogen analyses for floating wind farm applications. Targeted at energy transition and hydrogen developers.
- Geoconsulting (Geoengineering & Site Characterisation) Geotechnical consultancy including offshore site characterisation, soil-pile interaction analysis, drivability assessments using CPT-based friction fatigue models (Alm & Hamre, Imperial College / Maynard et al), and pile installation risk assessment. Targeted at offshore wind developers, oil & gas operators and EPC contractors.
- System Design & Engineering (incl. System Verification & CVA) Concept engineering, structural engineering, system verification and Certified Verification Agent (CVA) services, and advanced stress analysis (FEA, nonlinear FEA per DNV-RP-C208) for offshore structures and risers. Targeted at offshore operators, EPC contractors and regulators requiring independent verification (BOEM CVA).
- Hardware Design, Fabrication & Delivery Custom hardware solutions (e.g., riser clamps, weak-link joints, retrofit I-tubes), package engineering and procurement, subsea system delivery management, supply chain services, and systems qualification & testing. Targeted at oil & gas operators and EPC contractors requiring bespoke subsea hardware.
- Transportation & Installation Support Independent transportation and installation engineering services for offshore oil and gas platforms and fixed and floating offshore wind systems. Targeted at offshore operators, EPC contractors and installation contractors.
- Integrity, Life Extension & Monitoring (incl. iCUE, FFS, Inspections, Crisis Engineering) Asset integrity services for offshore structures, including the iCUE Asset Lifecycle Intelligence Platform, integrity planning, inspections and assessments, crisis engineering, and Fitness for Service (FFS) assessment per ASME FFS-1 / API-579-1. Targeted at oil & gas operators and offshore wind developers with aging assets.
- Monitoring & Digital Twin Services Monitoring system engineering and digital twin services, including structural health monitoring (SHM) of subsea structures, model calibration against field measurements, and machine-learning-based fatigue prediction. Targeted at offshore operators and developers requiring real-time asset integrity insights.
- Decommissioning & Life Extension Services Well plug & abandonment, facility decommissioning, riser and subsea decommissioning, and life extension services for offshore assets. Targeted at oil & gas operators approaching end-of-field life.
- iCUE Asset Lifecycle Intelligence Platform 2H's proprietary integrity management software platform developed and enhanced under the integrity business; provides asset lifecycle intelligence, supports structural monitoring, and is being extended with machine-learning-based digital twin capabilities for fatigue prediction of risers and other offshore assets. Targeted at operators of offshore assets requiring continuous integrity management.
- STREAM JIP (STeel Riser Enhanced Analytics using Measurements) Industry-funded JIP launched by 2H Offshore in 2017 that aggregates full-scale field data from multiple deepwater SCR systems to benchmark industry-standard SCR fatigue parameters, reduce conservatism in wave fatigue prediction by over a factor of 3, calibrate SHEAR7, and inform life-extension assessments. Targeted at multi-operator consortiums (e.g., ExxonMobil, Shell, Anadarko, Chevron, CNOOC, Equinor, BP, Saipem, Petrobras).
- Measurement-Based Wellhead Fatigue JIP JIP using field measurements from ten drilling campaigns in the Gulf of Mexico and North Sea (water depths 110–1,900 m) to provide a measurement-based foundation for drilling riser and wellhead modelling and quantify conservatism in industry-standard wave and VIV fatigue assessments. Targeted at multi-operator consortiums in drilling and wellhead engineering.
- Upstream Engineering — Fixed Platform EPC Delivery Houston-based EPC (Engineering, Procurement and Construction) specialist acquired by 2H in March 2026, delivering fixed platform solutions for water depths up to 150 m, supporting early production, marginal field developments and infrastructure extensions across the Americas. Targeted at oil & gas operators and developers across the Americas.
Quantifiable outcome
- Reduces fatigue damage rates near the SCR touchdown zone by over a factor of 3 (STREAM JIP methodology vs typical design parameters)
- +5 more outcomes
Companies that use 2H Offshore
Customer profileNamed customers26 records
Segments5 records
Ideal customer profiles5 records
2H Offshore technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration5 records
AI capability4 records
Feature8 records
2H Offshore partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered flagship, minor and core.
- Upstream Engineeringflagship2H/Acteon acquired Houston-based EPC specialist Upstream Engineering on 23 March 2026. Upstream Engineering has delivered fixed platform solutions (up to 150m water depth) across the Americas for 20+ years, including early production, marginal field developments and infrastructure extensions. The combination more than doubles 2H's existing fixed platform depth capability and creates a complete offering spanning nearshore terminals, jetties, minimum facility platforms, subsea architecture and deepwater systems.
- Acteon Groupflagship2H Offshore is Acteon's engineering consultancy. Together they offer operators an integrated suite of engineering, procurement, construction and SURF services across the life of field. Acteon CEO Brice Bouffard is quoted on the Upstream Engineering acquisition. 2H complies with the Acteon group Modern Slavery Act Statement and shares Acteon's group-wide career and operational infrastructure.
- Institute of Marine Engineering, Science and Technology (IMarEST)minor2H joined IMarEST as a corporate marine partner. IMarEST is the leading international professional body for marine engineers, scientists and technologists. The partnership gives 2H engineers access to a global network, technical resources and industry initiatives across marine and offshore sectors. Ricky Thethi is a Fellow and Chartered Marine Engineer of IMarEST.
- Menck (Acteon group business line)coreMenck provides hydraulic hammers (e.g., MHU4400S, 3500 kJ) and noise reduction units (MNRU) used alongside 2H's drivability studies and near-field noise assessments for offshore wind monopile installation projects. Operates within the same Acteon group, enabling tightly integrated engineering and equipment delivery.
- ORE Catapultminor2H collaborates with ORE Catapult on industry initiatives related to floating wind HV power cables, including the Lloyd Warwick / ORE Catapult 'Offshore Wind Loss Adjusters Perspective' data referenced in 2H's power cable verification work.
- API 17J&B (flexibles) Task Groupminor2H's Flexible Engineering Manager Pedro Viana is part of the API 17J&B (flexibles) Task Group and one of the individual work group leaders, contributing to industry standards development for flexible pipe.
- STREAM JIP Sponsors (CNOOC, Equinor, BP, Saipem, Petrobras)coreSTREAM (STeel Riser Enhanced Analytics using Measurements) JIP launched by 2H in 2017. Phase 1 participants (ExxonMobil, Shell, Anadarko, Chevron) and current sponsors (CNOOC, Equinor, BP, Saipem, Petrobras) co-fund and collaborate on industry-first measurement-based SCR design methodology; outputs reduce SCR fatigue conservatism by over a factor of 3.
- Measurement-based Wellhead Fatigue JIP ParticipantscoreIndustry JIP utilising field measurements from ten drilling campaigns in the Gulf of Mexico and North Sea (water depths 110–1,900m) to provide a measurement-based foundation for drilling riser and wellhead modelling practice, reducing conservatism in wave and VIV fatigue analyses.
- FUGROminorFUGRO is a co-author (Stuart Killbourn) on 2H's 2017 technical paper on 'Recent Improvements in Subsea Wellhead Fatigue Monitoring Algorithm and Accuracy Using Verification and Calibration Techniques', supporting subsea wellhead fatigue monitoring work.
Scale indicators13 records
Recent moves6 records
Expansion highlights6 records
2H Offshore competitors and assessment
Company assessmentDirect peers
- Aker Solutions: Norwegian offshore engineering, subsea and EPC firm with deep capabilities in riser systems, subsea production and offshore wind foundations. Directly comparable to 2H in deepwater riser engineering and increasingly in floating offshore wind mooring and substructures.
- TechnipFMC: Global subsea engineering, equipment and services provider covering subsea trees, umbilicals, risers and flexible pipe. Direct competitor in subsea systems engineering and a participant in industry standards (e.g., API 17J) where 2H also contributes.
- Subsea 7: Offshore installation and SURF contractor delivering subsea engineering, fabrication and installation. Competes with 2H in SURF engineering and integrated offshore project scopes, particularly in deepwater tiebacks where 2H also provides riser and subsea system design.
- Oceaneering International: Provider of subsea engineering, intervention tooling, ROV operations and offshore intervention services. Comparable to 2H in subsea hardware design, intervention tooling and integrity monitoring adjacent to 2H's subsea hardware and integrity management offerings.
- Doris Engineering: Independent offshore engineering consultancy with strong capabilities in floating production systems, mooring, risers and offshore energy transition. Closest pure offshore engineering consultancy comparable to 2H, particularly on floating and deepwater developments.
Broad incumbents
- Wood Group: Large global engineering and consultancy firm with a substantial offshore engineering practice spanning subsea, fixed/floating platforms and integrity management. Overlaps with 2H in offshore engineering services but operates at much larger scale across multiple end markets.
- Worley: Global engineering, procurement and construction firm serving offshore oil & gas, offshore wind and energy transition customers. Overlaps with 2H's engineering, integrity and offshore wind services but is far broader and more diversified across verticals.
- Saipem: Italian offshore EPCI contractor delivering offshore platforms, subsea pipelines, SURF and offshore wind. Overlaps with 2H on offshore EPCI and SURF engineering, and is a participant in the STREAM JIP alongside 2H.
Others
- InterMoor: Sister company under the Acteon group specialising in mooring systems, offshore installation and rig moving. Closely coordinated with 2H on integrated offshore engineering-plus-installation offerings (some 2H engineers previously worked at InterMoor).
- Fugro: Global geotechnical and survey specialist providing site characterisation, seabed surveys and geotechnical data. Comparable to 2H's Geoconsulting capability on offshore wind site characterisation, and a co-author with 2H on subsea wellhead fatigue monitoring.
Market position
Strengths6 records
Weaknesses5 records
Competitive moat6 records
Key risks7 records
Key highlights7 records
Customer concentration
2H Offshore social profiles
Digital presence2H Offshore compliance and trust
Trust signalCompliance3 records
2H Offshore financial estimates
Financial estimateRevenue estimate
Valuation estimate
2H Offshore leadership team
Management profileNumber of profiles
Profiles17 records
2H Offshore subsidiaries and ownership
Company hierarchySubsidiaries8 records
2H Offshore funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
2H 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 2H Offshore
What does 2H Offshore do?
2H Offshore is a global offshore engineering consultancy that delivers advanced systems engineering, design, analysis, integrity management and turnkey subsea hardware for offshore oil & gas, offshore wind (fixed and floating) and decarbonisation projects. Its portfolio spans riser systems (drilling, completion, TTR, SCR, flexible, hybrid), minimum facility platforms, subsea SURF, fixed/floating wind foundations, HV cables, FPSO/FLNG water cooling, CCUS and hydrogen concepts. It also operates the proprietary iCUE Asset Lifecycle Intelligence Platform and runs industry-leading measurement-based Joint Industry Projects (STREAM, TRACS, Measurement-based Wellhead Fatigue) that underpin its integrity and digital twin offering.
Is 2H Offshore a public or private company?
2H Offshore is a private company. It is classified as corporate owned and is currently operating.
When was 2H Offshore founded?
2H Offshore was founded in 1994. It employs 251 to 500 people.
Where is 2H Offshore based?
2H Offshore is headquartered in Houston, United States, in the North America region.
How does 2H Offshore make money?
Four revenue lines are on record. Engineering consulting services are the primary driver. The others are custom hardware design, fabrication & delivery, EPC / fixed platform delivery (via Upstream Engineering) and joint Industry Projects (JIP) sponsorship.
Who are 2H Offshore's main competitors?
Direct peers on record are Aker Solutions, TechnipFMC, Subsea 7, Oceaneering International and Doris Engineering. Broad incumbents are Wood Group, Worley and Saipem. Others are InterMoor and Fugro.
Does 2H Offshore have an API?
No public API is recorded for 2H Offshore.
What industry is 2H Offshore in?
2H Offshore's product category is Offshore Engineering Services. Its primary akta.pro industry code is EUALAAAI, Offshore E&P (Shallow/Deepwater, Subsea Production Systems), with a secondary code of EUAEAGAO, Marine & Offshore Energy O&M (Offshore Wind, Platforms, Subsea Assets). Its NAICS code is 333132 and its SIC code is 1389.