Watershed is the ninth studio album by Swedish progressive metal band Opeth. Watershed is the first studio album by Opeth to feature guitarist Fredrik Åkesson and drummer Martin Axenrot, who replaced longtime guitarist Peter Lindgren and drummer Martin Lopez. The artwork for the album was made by Travis Smith in collaboration with Mikael Åkerfeldt.

Opeth is a band that has been taking amazing chances and managed to not only win new fans, but not alienate older ones. A perfect blend of the death metal of Still Life and Blackwater Park, the monolithic riffage of Deliverance and Ghost Reveries, and the prog/classicism of Damnation combined with classic Deep Purple, Pink Floyd, and Scorpions.

Watershed is available as a limited edition of 4.000 individually numbered copies on silver & black marbled vinyl, includes a 4 page booklet and a poster and the sleeve has a special linen laminate finish.