A submerged wave energy conversion apparatus and pressurized fluid or electricity production system are provided that harvests energy from a motive force derived from pressure differentials created by the interaction of the system with ocean water. The system is capable of capturing energy from up to six different modes of motion of the absorber body in response to the energy of incident waves. The apparatus has an absorber body that is attached to one or more damping mechanisms like a hydraulic cylinder, a hydraulic circuit that can create useful mechanical torque, a restoring mechanism such as an air spring to restore the absorber system to stable equilibrium, and a buoyant artificial floor to create an opposing reaction force. The apparatus may also have a controller for system monitoring and control, to maintain optimized energy extraction, and for load management to avoid damaging loads.