PAG

What PAG does

PAG (派格石油工程技术有限公司 / PAG Subsea Technology) is a Chinese subsea technology company founded in 2008 and headquartered in Nansha, Guangzhou, with branch offices in Dalian and Hong Kong. The company designs, manufactures, and supplies deepwater subsea equipment, ROV (remotely operated vehicle) systems, riser and conductor solutions, and marine engineering services for offshore oil and gas, ocean research, methane hydrate exploration, offshore wind, subsea minerals, and aquaculture applications. Its proprietary technology stack centers on the RMC (Riserless Mud Circulation) closed-loop dual-gradient drilling system that claims 30%-40% cost reduction and 50%+ efficiency gains, the CAN® suction anchor family (CAN-basic, CAN-ductor, and a world-first dual-wellhead suction pile for 3000m ultra-deepwater), the 3000m ultra-deepwater subsea mud lift pump, and the SeAlign® ROV-installed misalignment connector. PAG simultaneously acts as the exclusive or authorized Chinese agent for at least seven international subsea OEMs (IK Group, Aquaterra Energy, Subsea Design Group, Kystdesign, SH Group/Sepro, SPERRE/AKVA, STL, and Neodrill), assembling an integrated from-surface-to-seabed portfolio.

The company's business model is multi-stream: (1) one-time sale or project-based delivery of proprietary subsea equipment, (2) professional services and EPC technical solutions, (3) licensing/agency commissions on international product lines distributed in China, and (4) subsea equipment rental. Pricing is custom and quote-based with multi-year contract cadence; no public price list exists. Go-to-market is enterprise B2B field sales targeting major Chinese state-owned customers — primarily CNOOC, CNPC, COOEC, and government research bodies such as COMRA and Guanghai Bureau — supplemented by international equipment distribution. PAG is privately held with no disclosed external investors and is led by General Manager Shen Yue and Deputy General Manager Dai Hong (a 37-year offshore drilling and completion veteran). Commercial milestones include China's first 6000m ROV & LARS procurement (COMRA, 2017), China's first diverless pipeline repair clamp contract for CNOOC fields (COOEC, Dec 2023), and 2025 deliveries of the dual-wellhead suction pile and 3000m mud lift pump to CNOOC.

Name

PAG

Legal name

派格水下技术（广州）有限公司 (PAG Subsea Technology (Guangzhou) Co., Limited)

Website

https://pagoffshore.com

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

101–250 employees

Short description

PAG (PAG Subsea Technology) is a Chinese deepwater subsea equipment, ROV, and marine engineering provider serving CNOOC, CNPC, and government research institutions, combining proprietary RMC and suction pile technology with exclusive China agency rights for international OEMs.

Ownership category

akta.pro rank

Product category

Subsea Engineering Equipment

NAICS

Oil and Gas Field Machinery and Equipment Manufacturing (333132), Mining and Oil and Gas Field Machinery Manufacturing (33313)

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)

Keywords

• Subsea equipment
• Offshore drilling systems
• ROV solutions
• Deepwater drilling
• Marine engineering

Headquarters

HQ city

Dalian Shi

HQ country

China

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Subsea Equipment Sales: Sale of proprietary subsea equipment including RMC systems, CAN suction anchors, ROV systems, riser systems, and repair clamps. Products delivered to major oil companies and research institutions.
2. Technical Services & EPC: Comprehensive technical solutions including design, products, and EPC technical services for marine engineering projects.
3. Agency/Distribution of International Products: Exclusive China agent for multiple international subsea equipment manufacturers (IK Group, Aquaterra, Kystdesign, SH Group, SPERRE, Neodrill, STL). Revenue from sales commissions and service support.
4. Equipment Rental: Subsea equipment rental services for project-based needs.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

PAG designs, manufactures, and supplies proprietary subsea drilling and completion equipment for deepwater oil & gas, ocean research, methane hydrate, and offshore renewable applications. Its core manufactured products include the RMC riserless mud circulation system, CAN® suction pile family, 3000m subsea mud lift pumps, and high-pressure riser systems. The company also acts as exclusive China agent and technical-support integrator for a curated portfolio of international subsea equipment manufacturers (Kystdesign ROVs, IK Group repair clamps, Aquterra riser systems, Subsea Design SeAlign connectors, SH Group LARS systems, SPERRE/AKVA ROVs, STL hydraulic connectors, Neodrill suction anchors).

Product overview

PAG (派格/PAG Offshore) is a subsea technology supplier and service provider offering an integrated portfolio of proprietary and internationally-sourced subsea, offshore, and ROV equipment. Its proprietary core offerings include the RMC/RMR riserless mud circulation system for dual-gradient deepwater drilling, the CAN® suction pile family (CAN-basic, CAN-ductor, and dual-wellhead suction pile) for well foundation support, and PAG land drilling packages. PAG also serves as the exclusive or authorized Chinese agent for a select group of international manufacturers: IK Group (subsea repair clamps including Compact Sealing Clamp, Compact Integrity Clamp, EPRS, flexible lifting tools, and subsea repair services), Aquaterra Energy (high-pressure riser systems, AQC quick connectors, riser & conductor analysis, Sea Swift lightweight platforms, and tie-back services), Subsea Design (SeAlign® misalignment connectors, PLEM, PLET, PLR, and EQD emergency disconnect couplers), KYSTDESIGN (Constructor 3000, Constructor 3000-HF, SUPPORTER 3000, ZEEROV electric ROV, KD10 TMS, and A-frame/LARS systems), AKVA Group/Sperre (marine science and aquaculture ROVs), SH Group/Sepro (LARS and winch systems), STL (subsea hydraulic connectors and RLWI well intervention), and Neodrill (drilling suction anchors). Together, these products and agency lines provide PAG's customers with comprehensive from-surface-to-seabed solutions for oil & gas, offshore engineering, ocean research, offshore wind, subsea mineral and gas hydrate exploration, and aquaculture industries.

Differentiator

Problem solved

Functional benefit

Products and services

• RMC Riserless Mud Circulation System (无隔水管泥浆回收系统-RMR®) A dual-gradient riserless drilling fluid circulation and recovery system that operates before the BOP and riser are installed, enabling closed-loop mud circulation with 100% cuttings recovery and zero seabed discharge. Used by offshore drilling operators for deepwater oil & gas, methane hydrate exploration, and ultra-deepwater wells.
• CAN®-basic Suction Anchor (CAN®-basic 深水钻井吸力桩基础型) A suction anchor foundation for supporting conventional conductors in extreme soft seabed conditions, with a guide pipe extending through the full body length for vertical and lateral support. Sold to offshore oil & gas and research customers needing reliable subsea foundations.
• CAN®-ductor Integrated Conductor Suction Pile (CAN®-ductor 导管型吸力桩) Patented suction pile integrating one joint of conductor within the CAN-basic body, enabling pre-rig well construction independent of rig schedule, verified load capacity, and 2-4 day savings on P&A operations. Sold to deepwater drilling operators.
• Dual-Wellhead Suction Pile / Multiwell Drilling Suction Anchor (双井口吸力桩) World-first deepwater dual-wellhead suction pile rated for 3000m water depth, 6m diameter, 12m height, 500-ton BOP design load, and 20-year service life, designed to support CNOOC's gas hydrate exploration.
• IK Subsea Compact Sealing Clamp (紧凑型密封管卡) IK Subsea clamp that seals damaged or leaking sections of subsea pipelines by compressing a rubber seal around the defect, suitable for 4" to 32" pipelines up to 600 bar. Distributed in China by PAG.
• IK Subsea Compact Integrity Clamp (紧凑型完整性管卡) IK Subsea clamp providing axial load support and sealing for damaged subsea pipeline sections, with slips on both sides of the packer for structural integrity. Distributed in China by PAG.
• IK Subsea Emergency Pipeline Repair System (EPRS) IK Subsea modular system for emergency subsea pipeline repair, compatible with 16", 18" and 24" pipelines, rated for 3000m water depth, 431 bar operating pressure, and 20-year design life. Distributed in China by PAG.
• IK Flexible Lifting & Cable Recovery Tool (柔性管/软管吊装管卡) IK Subsea multi-functional lifting tool designed for safe handling of flexible risers, umbilicals, flowlines, and cables with loads from 1 to 150 tons, handling angles from 90 to 0 degrees. Distributed in China by PAG.
• Subsea Repair & Pipeline Maintenance Services (水下修复/海管维修服务) Comprehensive subsea pipeline repair solutions spanning emergency response to permanent repair, covering local damage, wall thickness reduction, weld defects, and pipeline leaks. Offered by PAG in partnership with IK Group (IK Group has 500+ successful global project experiences).
• Aquaterra High-Pressure Riser Systems (高压立管系统) Aquaterra riser systems for subsea high-pressure drilling, completion, and abandonment from jack-up platforms, featuring AQC-SR and AQC-CW connectors with pressure ratings of 5,000 to 15,000 PSI. Distributed in China by PAG.
• Riser & Conductor Analysis Service (隔水管与导管分析服务) Aquaterra engineering analysis services for riser and conductor systems using OrcaFlex software and proprietary ORANGE software, covering self-elevating platforms, semi-submersibles, and drill ships. Distributed in China by PAG.
• Sea Swift Lightweight Offshore Platforms (简易平台 Sea Swift) Sea Swift lightweight offshore platform solutions including monopile, conductor-supported, and jacket-supported configurations, designed to reduce steel usage by 30% and deliver in 10-18 months. Distributed in China by PAG.
• Tie-Back Services (Tie-Back 回接服务) Aquaterra complete tie-back solutions from engineering design to tool supply for connecting satellite wells or new discoveries to existing production facilities. Distributed in China by PAG.
• STL RLWI Riserless Light Well Intervention System STL offshore well intervention system enabling subsea well intervention directly from a dynamically positioned vessel without a conventional drilling riser, reducing operational costs and time. Distributed in China by PAG under exclusive agency since April 2016.
• STL Subsea Hydraulic Connectors (水下液压接头) STL metal-to-metal sealed and elastomer-sealed hydraulic connectors for subsea control systems, rated at 10,000 psi (690 bar) and 3,000m water depth, with delivery speeds up to 300% faster than major suppliers. Distributed in China by PAG.
• Aquaterra Quick Connectors (AQC快速连接器) AQC-SR / AQC-CW / AQC-BC Patented Aquaterra quick connector series for riser systems including AQC-SR (subsea high-pressure drilling), AQC-CW (completion and workover), and AQC-BC (surface BOP), rated 5,000-15,000 PSI with gas-tight metal seals. Distributed in China by PAG.
• ROV Umbilical Winches (ROV脐带缆绞车) Customizable ROV umbilical winches built from corrosion-resistant materials for rigorous subsea conditions, available in front spooling and right-angle level wind configurations. Distributed in China by PAG.
• Surveyor Interceptor High-Speed Survey ROV KYSTDESIGN high-speed survey-oriented ROV serving as a pure sensor platform with enhanced speed, stability, and accuracy, rated for 2000msw depth, 4700kg weight and 600kg payload. Distributed in China by PAG.
• ZEEROV Zero-Emission Electric Work-Class ROV Full-electric work-class ROV with zero emissions, featuring 7 KD-300 thrusters (800VDC), 115kW/150hp power, 2000m depth rating (up to 5000m optional), and 30-day autonomous submersion duration. Distributed in China by PAG.
• SUPPORTER 3000 Work-Class ROV (支持者3000 ROV) KYSTDESIGN compact work-class ROV combining flexibility with powerful operational capabilities, available in 3000m and 6000m ultra-deepwater models with AutoPOS and AutoTRACK functions. Distributed in China by PAG.
• CONSTRUCTOR 3000 Construction-Grade Work-Class ROV (构造者3000 ROV) KYSTDESIGN heavy-duty construction-grade work-class ROV rated for 3000m depth, 160kW/220hp power, with 41 electrical connectors, 24 proportional hydraulic functions, and AutoPOS/AutoTRACK support. Distributed in China by PAG.
• CONSTRUCTOR 3000-HF High-Flow Construction ROV (构造者3000-HF 高流量版ROV) KYSTDESIGN high-flow version of the Constructor ROV optimized for large tool and module operations, with 35 electrical connectors, 24 proportional hydraulic functions, and 3000m depth rating. Distributed in China by PAG.
• KD10 TMS Tether Management System (KD10 TMS脐带缆管理系统) KYSTDESIGN electro-hydraulic tether management system with 1000m capacity for 35mm diameter tether, rated to 6000msw depth, with 12,000kg SWL liftpoint and 10,000kg SWL latch. Distributed in China by PAG.
• Stealth Cleaner Triangular Net Cleaning Robot (Stealth Cleaner 网衣清洗机器人) Patented electric-powered net cleaning robot with unique triangular design for efficient and gentle cleaning of fish farming nets, featuring 360-degree maneuverability and 4 onboard cameras. Distributed in China by PAG.
• AKVA-ROV Marine Science & Aquaculture ROVs (AKVA-ROV 海洋科学考察&渔业专用ROV) Norway SPERRE ROV systems for marine scientific research and aquaculture covering depths from shallow water to 11,000m, including Sub-fighter 40K (3000m standard, 6000m optional), Sub-fighter 60K, and DEEPBOTS ultra-deep observation ROVs. Distributed exclusively in China by PAG; SPERRE has 40+ years experience with 200+ cumulative ROVs produced globally.
• Subsea Design Product Line — SeAlign® Connectors, PLEM, PLET, PLR, EQD Subsea Design products including SeAlign® misalignment flange/clamp connectors (±3° pipe misalignment tolerance, 6"-36"), PLEM pipeline end modules, PLET pipeline end terminations, PLR pig launchers/receivers, and EQD emergency disconnect hot stab couplers. Distributed in China by PAG.
• SH Group LARS & Winch Systems (SH Group LARS & 绞车系统) Full range of SH Group/Sepro marine handling and winch systems including LARS (LD/HD gate frames, A-frames, moonpool systems), OceanFighter™/OceanMaster™ heavy-duty winches, OceanObserver™ containerized systems, and OceanEnviro™/OceanReacher™ compact winches with cable capacities up to 10,000m. Distributed in China by PAG.
• KYSTDESIGN Complete ROV & LARS Solutions (ROV&LARS 水下机器人及收放系统) Complete KYSTDESIGN ROV and LARS solutions including SUPPORTER series (3000m/6000m), CONSTRUCTOR series (3000m/5000m), KD300 electric thrusters (20kW rated), gyro/pitch units, and hydraulic compensators all rated to 11,000m depth. Distributed in China by PAG.
• Surface / High-Pressure / Completion Riser Systems (水上/高压/完井修井隔水管系统) Complete riser system portfolio including surface riser systems, subsea high-pressure drilling risers (14" and 20" nominal bore), and completion/workover riser systems rated 5,000-15,000 PSI. Distributed in China by PAG.
• Neodrill Drilling Suction Anchor (Neodrill 钻井吸力锚) Neodrill drilling suction anchor technology for conductor and well foundation installation, providing pre-rig well construction capabilities and schedule-independent deployment. Distributed by PAG in China under agency signed March 7, 2017.
• PAG Land Drilling Packages (派格陆地钻井包) Comprehensive land drilling packages in four modules (LDP-1000 to LDP-3000) integrating Cameron equipment and M-I SWACO solids control, with hook load capacities from 550,000 to 1,500,000 lbf. Sold to onshore and offshore-adjacent drilling operators.
• Subsea Equipment Rental (水下设备租赁) Subsea equipment rental services for project-based needs, offered by PAG alongside its proprietary and agency equipment portfolio.
• Marine Engineering EPC Technical Services (海洋工程EPC技术服务) Comprehensive technical solutions including design, products, and EPC (Engineering, Procurement, and Construction) technical services for marine engineering projects, delivered by PAG.

Quantifiable outcome

• 30%-40% operational cost reduction with riserless drilling technology
• +5 more outcomes

Named customers6 records

Segments6 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature11 records

Partnerships

Ten partnerships are on record, tiered strategic, major and core.

• China Ocean Mineral Resources R&D Association (COMRA)strategicStrategic or Co-development Partner · 1 December 2017Strategic partnership for 6000m ROV & LARS system procurement (first in China). Technical conference held in Hangzhou with participation from COMRA, PAG, Wuchang Shipyard, CSSRC, 708 Research Institute, Zhejiang University, and Shanghai Jiao Tong University.
• Norway NeodrillmajorChannel Partner/ Reseller/ Distributor · 7 March 2017Agency agreement signed March 7, 2017 for non-exclusive agency in China for Neodrill drilling suction anchors and related products. Neodrill registration: 981 920 376, Kongsgaten 13, Norway.
• US STL (Subsea Technology & Leadership)majorChannel Partner/ Reseller/ Distributor · 27 April 2016Exclusive China agent since April 27, 2016 for STL subsea hydraulic and mechanical connectors. Products include high-angle release riser connectors, multi-functional intervention connectors, high-flow breakaway connectors, ROV hot stabs, and hydraulic control system couplers.
• Norway IK Group (IK Subsea)coreTechnology or IntegrationLong-term strategic partnership for subsea pipeline repair solutions. PAG serves as exclusive China agent and jointly won CNOOC '海管维修堵漏管卡' contract. IK's EPRS, repair clamps, and lifting tools distributed through PAG. IK Subsea's VP Adrian Gamman stated partnership as 'giant leap into Asian market'.
• UK Aquaterra EnergycoreTechnology or IntegrationPartnership for high-pressure riser systems, riser analysis services, Sea Swift platform solutions, and tie-back solutions. Aquaterra products include AQC connectors, platform services, and subsea engineering. PAG exhibits Aquaterra products at Chinese industry events.
• UK Subsea Design GroupmajorTechnology or IntegrationPartnership for SeAlign® connector products, PLEM, PLET, PLR equipment, and EQD emergency disconnect products. Subsea Design's products distributed through PAG's China network.
• Norway KystdesigncoreTechnology or IntegrationPartnership for work-class ROV systems (ZEEROV, SUPPORTER, CONSTRUCTOR series), TMS systems, and LARS solutions. Kystdesign ROVs feature 3000m-6000m depth ratings. PAG exhibits Kystdesign products at exhibitions.
• Denmark SH Group / SepromajorTechnology or IntegrationPartnership for deck handling systems (HPL, DPL, A-frames), LARS, and winch systems. SH Group products include OceanFighter, OceanMaster, OceanObserver, OceanEnviro winch series. Successfully equipped vessels including Norway Institute of Marine Research's 'G.O. SARS' vessel.
• Norway SPERRE ASmajorTechnology or IntegrationPartnership for AKVA-ROV systems (exclusive China agent) covering Sub-fighter 40K, 60K, DEEPBOTS, and fishing ROVs. SPERRE has 40+ years experience with 200+ ROVs produced. Products serve scientific research and aquaculture markets.
• Norway IK Group - Subsea Pipeline RepairstrategicStrategic or Co-development PartnerJointly bid and won CNOOC '海管维修堵漏管卡' contract. First such project in China for subsea pipeline emergency repair. Products depth-rated to 2000m with 25+ year design life.

Scale indicators7 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Saipem: Italian offshore drilling and subsea engineering contractor with deepwater SURF and EPCI capabilities. Comparable to PAG's subsea engineering, dual-gradient drilling, and riser analysis services.
• Subsea 7: Global subsea installation, inspection, maintenance, and repair (IMR) contractor. Directly comparable to PAG's subsea engineering, EPRS, and pipeline repair services scope.
• Helix Energy Solutions Group: US-listed subsea intervention and well intervention specialist operating riserless well intervention, IMR, and subsea equipment. Closely comparable to PAG's RMC riserless drilling, subsea repair clamps, and intervention ROV portfolio.
• Oceaneering International: Leading provider of ROVs, subsea tooling, and intervention equipment with deep offshore track record. Directly comparable to PAG's Kystdesign and SPERRE ROV agency lines and proprietary subsea connector portfolio.
• Aker Solutions: Norwegian subsea equipment and umbilicals specialist. Comparable to PAG's IK Group, Aquaterra, and Subsea Design connector/umbilical portfolio in deepwater hardware.
• China Oilfield Services Limited (COSL): CNOOC-affiliated Chinese oilfield services giant providing drilling, well services, and subsea operations. PAG's RMC, suction anchors, and deepwater equipment compete directly with COSL within the same Chinese offshore customers.
• COOEC (China Offshore Oil Engineering Co.): CNPC and CNOOC-aligned Chinese offshore engineering and construction company. Coexists with PAG in the same Chinese value chain — COOEC is also a customer through subsea repair clamp procurement but adjacent competition in offshore EPC.

Emerging players

• Forum Energy Technologies: Smaller specialist in subsea robotics and ROVs. Partial overlap with PAG's SPERRE and Kystdesign ROV lines and aquaculture/inspection robot offerings.

Broad incumbents

• Baker Hughes: Global oilfield services major with subsea production systems, wellheads, and drilling tools. PAG's suction anchor and well foundation products compete with Baker Hughes' subsea tree and wellhead franchise in the Chinese market.
• TechnipFMC: Global integrated subsea production systems and subsea services major. Competes broadly with PAG's subsea wellhead, riser, and intervention offerings as part of a much wider portfolio.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/pag-oilfield-engineering-co-limited

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 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 PAG