2H, Acteon’s engineering consultancy, today announced the acquisition of Houston-based EPC specialist Upstream Engineering.
The move significantly expands Acteon’s global engineering capability and creates one of the industry’s most comprehensive fixed platform offerings.
For more than 20 years, Upstream Engineering has delivered reliable, cost-efficient fixed platform solutions across the Americas, supporting early production, marginal field developments and infrastructure extensions. Upstream Engineering’s proven track record includes platforms engineered for water depths up to 150 m, more than doubling 2H’s existing fixed platform depth capability. The combined portfolio spans from nearshore terminals and jetties to complex offshore structures.
The acquisition represents a timely response to shifting market conditions. As operators worldwide seek lower capex development concepts and leaner field architectures, Acteon is strengthening its ability to offer integrated, efficient and commercially attractive solutions across the life of field.
By integrating Upstream Engineering’s platform design and turnkey delivery expertise with 2H’s world-leading riser, foundations and SURF (subsea, umbilicals, risers and flowlines) capabilities, Acteon will offer operators a complete suite of engineering services. This end-to-end capability brings together minimum facility platforms, subsea architecture, deepwater systems and nearshore infrastructure into a single, integrated offering.
Brice Bouffard, Acteon’s Chief Executive Officer, commented: “We’re delighted to welcome Upstream Engineering into the Acteon family. Their long-established platform engineering expertise complements 2H’s subsea and SURF strengths. Operators are working in increasingly cost-constrained environments and are looking for simpler, leaner and more capital efficient development solutions. Together, we can deliver exactly that – an integrated, technically rigorous and commercially attractive offering across the full engineering spectrum.”
Ronnie Smith, President at Upstream Engineering, added: “Joining Acteon and integrating with 2H marks an exciting new chapter for our team. We’ve built our reputation on reliable, cost cost-effective platform solutions, and Acteon’s global presence and subsea expertise allow us to broaden and elevate that offering. Together, we can accelerate technology development, expand our engineering scope and deliver more innovative field concepts to customers around the world. It’s a combination that creates real value for operators and for our people.”