Thermal recovery is still the most important means to increase heavy oil EOR. With the increase in the recovery factor and the difficulty of exploiting new exploration reserves, the efficient utilization of offshore heavy oil reserves has attracted much attention. However, due to the challenges of high development investments, high operating costs, platform safety factors, and high economic cumulative yield, the offshore heavy oil reserves of nearly 700 million tons have not been effectively utilized. In this paper, Chinese offshore heavy oil reserves were taken as the research object. The indoor one-dimensional experiments were carried out to optimize an applicable development method, and the superheated steam huff and puff was selected as the injection medium for high-speed and high-efficiency development of offshore heavy oil, which verified the great potential of the application of superheated steam in offshore heavy oil thermal recovery. A numerical simulation model for offshore heavy oil superheated steam injection development was established, and a dynamic model considering the thermal cracking of heavy oil was established through historical matching. Through the field numerical simulation models, the whole process development mode of a single sand body, thin interbedded reservoir superheated steam huff and puff turning to superheated steam flooding, and thick layer super heavy oil reservoir with bottom water sidetracking after superheated steam huff and puff for eight cycles was established. Through the numerical simulation method and grey correlation method, the main control factors of superheated steam development of different types of heavy oil reservoirs were determined, and the cumulative oil production charts of different types of reservoirs under the influence of the main control factors were built. The economic evaluation model of superheated steam development of offshore heavy oil was established. Combining multi-specialty of geological, reservoir engineering, drilling and completion, oceanographic engineering, economics, the economic limits of steam injection development under different reserve scales, and engineering conditions of offshore heavy oilfields were clarified. At last, we planned the economic production mode of undeveloped reserves and predicted the construction profile of superheated steam capacity of offshore heavy oil using the production charts and the economic charts. The research results clarify the great potential of thermal recovery development of offshore heavy oil, provide an important basis for the economic development of offshore heavy oil undeveloped reserves, and also provide an important decision for the sustainable and stable production of global heavy oil reservoirs.