Many promising reserves found recently show some common characteristics: they are located in deep and ultradeep waters, they are remote subsea fields with longer step outs from shore or production facilities, and they are found in always deeper water depth. Distances can exceed 200 km, depth is targeting 4,000 m and more, and load powers up to tens of megawatts. Conventional power distribution technology and hydraulic control capabilities are reaching or exceeding their limits. The future of deep offshore will be all-electric as enabling technology for challenging new environments as well as cost saving technology for conventional deep offshore. The industry today is seeking to develop a complete system of pressure tolerant power equipment, such as subsea switchgears and variable speed drivers that will be used with pumps and compressors on several different applications. In the meantime, a huge focus has been given to controls, distribution and electric actuation, to fully enable the all-electric philosophy. The benefits are encouraging, since the electrification brings simplification to the entire system, by eliminating hydraulics, dramatically reducing the umbilical system, favoring a CAPEX saving; whereas increasing the system availability through improved reliability, reducing downtime and associated production losses, favoring therefore the OPEX. The all-electric systems also target better and faster system responses and increased condition monitoring. With the recent and successful installations of innovative projects such as Statoilâ€™s Asgard industry first subsea compression with electric control and TOTALâ€™s K5-F industry first all-electric well including down-hole safety valve, the barriers for the definite technology introduction have been pushed out. Industry leaders have engaged major technology development programs for each all-electric building block.