A few studies convincingly demonstrated that the magnetic fields induced by the lunar semidiurnal (M2) ocean flow can be identified in satellite observations. This result encourages using M2 satellite magnetic data to constrain subsurface electrical conductivity in oceanic regions. Traditional satellite-based induction studies using signals of magnetospheric origin are mostly sensitive to conducting structures because of the inductive coupling between primary and induced sources. In contrast, galvanic coupling from the oceanic tidal signal allows for studying less conductive, shallower structures. We perform global 3-D electromagnetic numerical simulations to investigate the sensitivity of M2 signals to conductivity distributions at different depths. The results of our sensitivity analysis suggest it will be promising to use M2 oceanic signals detected at satellite altitude for probing lithospheric and upper mantle conductivity. Our simulations also suggest that M2 seafloor electric and magnetic field data may provide complementary details to better constrain lithospheric conductivity.