Optime Subsea

Notodden, Norway Founded: 2005 • Age: 21 yrs Acquired By Halliburton
Subsea well completion and intervention systems are developed and supplied.
Annual revenue $16.0M Latest available
Total funding - 1 rounds
Employees 28 Tracked headcount
Investors 2 Known backers
Products 2 Services tracked
Competitors 8 Brand Intelligence

About Optime Subsea

Optime Subsea is a company based in Notodden (Norway) founded in 2005 was acquired by Halliburton in December 2024. The company has 28 employees as of December 31, 2019. Optime Subsea offers products and services including ROCS and eSCILS. Optime Subsea operates in a competitive market with competitors including NCS Multistage, Getech, DeepWell, Zyfra and GeoSplit, among others.

  • Headquarter Notodden, Norway
  • Employees 28 as on 31 Dec, 2019
  • Sectors
    Energy & Utilities
  • Email
    Locked
  • Phone
    Locked
  • Website
    Locked
  • Social
    Locked
Operational Areas
Energy & Utilities → Oil & Gas Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    $15.99 M (USD)
    -21
    as on Dec 31, 2022
  • Net Profit
    -$2.18 M (USD)
    -274
    as on Dec 31, 2022
  • EBITDA
    -$3.97 M (USD)
    -260
    as on Dec 31, 2022
  • Latest Funding Round
    Not available
  • Investors
    Halliburton

    & 1 more

  • Employee Count
    28

    as on Dec 31, 2019

  • Acquired by
    Halliburton

    (Dec 23, 2024)

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Products & Services of Optime Subsea

Optime Subsea offers a comprehensive portfolio of products and services, including ROCS and eSCILS.

Product name locked
Category locked
Primary

Efficient system for tubing hanger installations in subsea wells.

Product name locked
Category locked
Locked

Lightweight system for well access and intervention operations.

People of Optime Subsea

Headcount
Employee Profiles 5
Employee Profiles
People
Rodger Hooker
Vice President Global Services
People
Atle Huseby
Head of HR & HSE
People
Linn Johnsen
Procurement Specialist
People
Oluwatosin Adebayo
Technical Support Personnel

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Funding Insights of Optime Subsea

Investors in Optime Subsea

Optime Subsea has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Halliburton and Holta Invest.

All
Venture Fund
Institutional
Investor Description Founded Year Domain Location
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Oilfield products and services are provided to the energy sector.
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Investor details for Optime Subsea

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Investments & Acquisitions by Optime Subsea

Investments
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Investment portfolio details for Optime Subsea

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Financial Statements - Optime Subsea

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Detailed financials for Optime Subsea

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Optime Subsea Comparisons

Optime Subsea Primary company
Description
Subsea well completion and intervention systems are develope...
Location
Notodden, Norway
Founded Year
2005
Annual Revenue
$15.99 M (USD)
Net Profit
-$2.18 M (USD)
EBITDA
-$3.97 M (USD)
Employees
28
As of 2019
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Peer comparison for Optime Subsea

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Competitors of Optime Subsea

Optime Subsea operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as NCS Multistage, Getech, DeepWell, Zyfra and GeoSplit, among others.

Company Name Domain Founded year HQ Location Description
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Independent technology and services company specializing in multistage completions
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Oil rigs datasets are provided to enterprises for exploration analysis.
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Wireline services for well interventions are supplied to oil companies.
Locked Locked Locked
Provider of robots, AI, and IIoT based solutions for mining industries
Locked Locked Locked
Oil well stimulation and fracturing services are provided to clients.
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Detailed competitors of Optime Subsea

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Latest news on Optime Subsea

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Complete news archive for Optime Subsea

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Frequently Asked Questions about Optime Subsea

Optime Subsea was founded in 2005 and raised its 1st funding round 11 years after it was founded.

Optime Subsea is headquartered in Notodden, Norway. It is registered at Notodden, Telemark, Norway.

As of Dec 31, 2019, the latest employee count at Optime Subsea is 28.

Annual revenue of Optime Subsea is $15.99M as on Dec 31, 2022.

Optime Subsea was founded in 2005 in Notodden, Norway, focusing on the subsea oil and gas sector. Well completion and intervention systems for subsea applications are designed and manufactured by the company. Offerings include subsea hydraulic pump systems, hyperbaric test chambers, light completion intervention systems, and umbilical-less tubing hangers. Operations emphasize reliable equipment for offshore environments, supporting global energy projects.

Optime Subsea's top competitors include NCS Multistage, DeepWell and Getech.

Optime Subsea offers ROCS and eSCILS.

Optime Subsea has 2 investors. Key investors include Halliburton, and Holta Invest.

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