Habu Subsea

What Habu Subsea does

Habu Subsea AS is a Norwegian subsea engineering company founded in 2011 by inventor Torfinn Borsheim and headquartered in Tananger (Stavanger area), Norway. The company designs and supplies modular subsea intervention, workover, and production-support equipment for offshore oil and gas operators. Its core product suite comprises four systems: the Subsea Hydraulic Power Unit (SHPU) for X-mas tree control, the SEAWOCS 12 modular subsea access device for intervention workover control services, the Subsea Pacemaker for remote reconfiguration of damaged umbilicals, and the Well Stimulation Tree Cap (SSTC) for scale squeeze, well stimulation, and plug and abandonment operations. The technology platform is built around moving high-pressure hydraulic equipment subsea to reduce topside footprint, vessel capacity requirements, and personnel offshore exposure; equipment is rated to 3,000+ meter water depths and pressures of 5,000–15,000 psi, with compliance to API 17Q, ISO 13628, NORSOK, and DNV/API RP 17G standards.

The company holds multiple patents covering subsea hydraulic power methods, wellhead lifetime extension, and Christmas tree/umbilical lifetime extension, and its IP (no. 332487) was incorporated by the American Petroleum Institute into new industry standard API 17G2 — a notable structural moat. Habu Subsea operates as a partly-owned subsidiary of the Habu Group, a private investment vehicle with offices in Norway, Dubai, Saudi Arabia, France, Hungary, the UK, Sweden, the USA, and the Netherlands; manufacturing and assembly of HPU systems and WH panels is conducted at the Habu Group's Dubai production facility. Revenue is generated through sale and rental of proprietary hardware supplemented by intervention services, with custom project-based pricing and multi-year contracts.

Its go-to-market is enterprise field sales targeting major oil and gas operators and IMR service providers; the public logo wall lists Shell, Halliburton, Petronas, Repsol, Aker Solutions, Var Energi, Faroe Petroleum, and Island Offshore as finalized-contract counterparties. The company positions its portfolio as the "Green Subsea Factory" concept, claiming cost reductions of up to 65% via SHPU and 30% via SSTC, CO2 reduction up to 50%, and reductions in offshore personnel from eight to two for certain stimulation operations.

Name

Habu Subsea

Legal name

Habu Subsea AS

Website

https://habusubsea.no

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

11–50 employees

Short description

Habu Subsea AS, founded 2011 in Tananger, Norway, designs and supplies modular subsea hydraulic power, access, and tree-cap systems for well intervention, workover, and plug and abandonment, serving enterprise offshore oil and gas operators globally through proprietary hardware backed by API-standardized IP.

Ownership category

akta.pro rank

Product category

Subsea Oil and Gas Intervention Equipment

NAICS

Oil and Gas Field Machinery and Equipment Manufacturing (333132)

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 intervention equipment
• Well intervention systems
• Subsea hydraulic power
• Offshore production equipment
• Xmas tree control

Headquarters

HQ city

Tananger

HQ country

Norway

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel

Revenue model

1. Subsea Equipment Sales and Rental: Habu Subsea generates revenue through the sale and rental of specialized subsea equipment including SHPU units, SEAWOCS systems, Subsea Pacemaker, and Tree Cap systems. Equipment can be deployed permanently or temporarily for various subsea operations.
2. Subsea Intervention Services: Revenue from providing subsea intervention services including well stimulation, scale squeeze, plug and abandonment operations using proprietary equipment. The company provides complete solutions including equipment and operational support.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels3 records

Core offering

Habu Subsea designs, manufactures, and supplies proprietary subsea hydraulic power and control equipment for offshore oil and gas operators. Its portfolio centers on four systems — SEAWOCS, SHPU, Subsea Pacemaker, and the Well Stimulation Tree Cap (SSTC) — used for well intervention, workover, well stimulation, scale squeeze, and plug-and-abandonment operations, sold and rented directly to oil and gas operators and deployed from IMR vessels.

Product overview

Habu Subsea offers a suite of subsea intervention and production solutions designed for the oil and gas industry. The portfolio centers on four core products: the SEAWOCS 12 (subsea access and control unit for well intervention and workover), the Subsea Hydraulic Power Unit (SHPU) for X-mas tree control and hydraulic power supply, the Subsea Pacemaker (remote backup for damaged umbilical reconfiguration), and the Well Stimulation Tree Cap (SSTC) system for scale removal, well stimulation, and P&A operations. These solutions work together as the 'Green Subsea Factory' concept, enabling faster installation, reduced vessel requirements, and more reliable subsea operations from exploration through production to abandonment.

Differentiator

Problem solved

Functional benefit

Products and services

• SEAWOCS 12 A modular and cost-efficient subsea access device for well intervention and workover systems, providing intervention workover control (IWOC) services during initial subsea production X-mas tree (XT) commissioning, intervention, or plug-and-abandonment operations. Features redundant subsea pumps, control modules, and hydraulic reservoir, with a universal XT interface configurable offshore to connect to any type of XT. Rated for 3000+ m water depth and integrates with 5K, 10K, or 15K equipment. Targeted at offshore oil and gas operators and IMR service providers.
• SHPU (Subsea Hydraulic Power Unit) An X-mas tree controlling hydraulic power unit for faster and easier installation, reduced vessel capacity requirements, and more reliable intervention, workover, and plugging-and-abandonment operations. Can be installed permanently or temporarily, is fully compatible with conventional XMTs and SCMs, and is built to API 17Q and ISO 13628 standards. Reduces cost by up to 65% by eliminating the need for umbilical replacement and enabling compact umbilicals for long step-outs. Sold to offshore oil and gas operators and EPC contractors.
• Subsea Pacemaker
• Well Stimulation Tree Cap (SSTC)

Quantifiable outcome

• SHPU reduces cost by up to 65%
• +4 more outcomes

Named customers8 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Scale indicators7 records

Recent moves7 records

Expansion highlights5 records

Regional players

• Subsea7: Subsea7 provides subsea installation, IMR, and light well intervention services across offshore basins, sharing Habu's IMR-vessel deployment model and competing for intervention workover scopes on behalf of the same operators.
• Archer (formerly Awilco Drilling): Archer provides platform drilling, well intervention, and P&A services in the North Sea, overlapping with Habu's intervention and abandonment use cases in the same Norwegian and UK basins where Habu's products are deployed.

Direct peers

• Helix Energy Solutions Group: Helix operates the Q4000 and Well Intervention vessels and provides subsea well intervention, abandonment, and P&A services that directly overlap Habu's SEAWOCS-enabled intervention workover control scope in the Gulf of Mexico and North Sea.
• Expro Group: Expro delivers subsea intervention, well intervention, and plug and abandonment services and tooling for offshore operators, overlapping Habu's intervention, workover, and P&A use cases, particularly in the North Sea.
• Aker Solutions: Aker Solutions designs and delivers subsea production systems, X-mas trees, and subsea intervention equipment to North Sea and global operators, and is itself a Habu Subsea customer, making it both a competitor in subsea wellhead hardware and a deployment partner for Habu's products.
• Oceaneering International: Oceaneering provides ROV tooling, subsea intervention tooling, and IMR vessel services, competing with Habu in the well intervention and workover tooling space and sharing Habu's reliance on DP-class IMR vessels.

Broad incumbents

• Halliburton: Halliburton is a tier-one oilfield services major that provides subsea intervention, stimulation, and well construction services; it is a Habu customer and a broad competitor across integrated subsea intervention scopes.
• SLB (Schlumberger): SLB is a global oilfield services incumbent offering subsea well construction, intervention, and production services, with bundled solutions that compete head-to-head with Habu's specialist intervention workover control offerings.
• TechnipFMC: TechnipFMC is a global integrated subsea provider of X-mas trees, subsea control modules, umbilicals, and intervention systems, competing with Habu on subsea tree control and intervention architectures while serving the same IOC and NOC customer base.

Emerging players

• Forum Energy Technologies: Forum Energy Technologies supplies subsea intervention tooling, ROV manipulators, and well intervention equipment that intersect with Habu's SHPU and SSTC product categories in the subsea wellhead accessory market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/habus-subsea-as

Compliance9 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 Habu Subsea