Wave energy devices operate in resonant conditions to optimize power absorption, which leads to large displacements. As a result, nonlinearities play an important role in the system dynamics and must be accounted for in the numerical models for realistic prediction of the power generated. In general, time domain (TD) simulations are employed to capture the effects of the nonlinearities. However, the computational cost associated with these simulations is considerably higher compared to linear frequency domain (FD) methods. In this regard, the following work deals with the nonlinear analysis of an oscillating wave surge converter (OWSC) in the FD via the statistical linearization (SL) technique. Four nonlinearities for the proposed device are addressed: Coulomb-like torque regulated by the direction of motion, viscous drag torque, nonlinear buoyant net torque, and parametric excitation torque modulated by the flap angle. The reliability of the SL technique is compared with nonlinear TD simulations in terms of response probability distribution and power spectrum density (PSD) of the response and torque; and mean power produced. The results have demonstrated a good agreement between TD simulations and SL, while the computation time of the SL model is approximately 3 orders of magnitude faster. As a result, SL is a valuable tool to assess the OWSC performance under various wave scenarios over a range of design parameters, and can assist the development of such wave energy converters (WECs).