2H Offshore

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

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

• Offshore engineering services
• Riser systems design
• Subsea integrity management
• Offshore wind foundations
• Asset lifecycle intelligence

Headquarters

HQ city

Houston

HQ country

United States

HQ region

North America

Offices11 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. 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.
2. 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).
3. 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.
4. 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

Go-to-market motion1 record

Distribution channels3 records

Marketing channels10 records

Core 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

Named customers26 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

AI capability4 records

Feature8 records

Partnerships

Nine partnerships are on record, tiered flagship, minor and core.

• Upstream EngineeringflagshipStrategic or Co-development Partner · 23 March 20262H/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 GroupflagshipStrategic or Co-development Partner · 1 March 20262H 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)minorStrategic or Co-development Partner · 1 January 20252H 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)coreTechnology or IntegrationMenck 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 CatapultminorStrategic or Co-development Partner2H 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 GroupminorOthers2H'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)coreStrategic or Co-development PartnerSTREAM (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 ParticipantscoreStrategic or Co-development PartnerIndustry 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.
• FUGROminorImplementation/ SI/ Consulting PartnerFUGRO 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

Direct 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

• YouTubeyoutu.be/Gkhv-ih4YFE
• Xx.com/2hoffshore
• Facebookfacebook.com/2hoffshore
• LinkedInlinkedin.com/company/2h-offshore

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles17 records

Subsidiaries8 records

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 2H Offshore