Estimation of wave induced loadings on subsea pipelines involves the evaluation of the hydrodynamic coefficients of drag, inertia, vertical inertia and lift. These coefficients vary with the methodology adopted and the order of wave theory used to compute the water particle kinematics. This paper presents a new and simple method to determine the hydrodynamic coefficients for subsea pipelines in the drag and inertial flow regime. The results are reported for three relative clearances of a pipeline model from the simulated ocean floor.