Posted on May 22, 2025
DeepOcean has completed its acquisition of Shelf Subsea, creating a formidable global player with comprehensive end-to-end capabilities.
This strategic consolidation merges complementary geographical strengths—DeepOcean’s established presence in Europe and the Americas with Shelf Subsea’s strong foothold across Asia-Pacific and Middle East markets. The resulting enterprise boasts approximately 1,800 professionals and projects annual revenue exceeding USD 1 billion.
What makes this particularly compelling is how the integration addresses evolving market dynamics:
• Enhanced technological cross-pollination between regions
• Expanded fleet capabilities with versatile subsea assets
• Accelerated deployment of autonomous and remote operation solutions
• Strengthened positioning in the growing offshore wind sector
• Comprehensive IMR and asset recycling services across multiple theaters
As industry observers have noted, subsea service consolidation has been inevitable given market pressures and technological advancement requirements. This move exemplifies intelligent strategic positioning for long-term resilience.
The newly established DeepOcean APAC division signals commitment to maintaining regional expertise while leveraging global resources.
Congratulations to DeepOcean, Shelf Subsea, Oyvind Mikaelsen, Ottar Mæland, Colin McGinnis and the teams on this significant milestone.
