JV strength FloaTEC is a 50:50 joint venture between McDermott and Keppel Offshore & Marine, enabling access to a broad reservoir of combined engineering, fabrication, and project delivery capabilities to win and execute large FPS projects.

FPS portfolio The company specializes in proprietary floating production systems with a diverse hull design portfolio (TLP, Spar, Semi-submersible) and wet/dry tree solutions, positioning it to offer end-to-end FPS solutions across fronts from concept to installation.

Integrated delivery FloaTEC can leverage parent companies’ feasibility, FEED, construction, and installation expertise to accelerate sales cycles, de-risk projects, and provide a single source for complex offshore production system deliverables.

Mid-market focus With annual revenue in the mid-range for mid-market offshore players and a lean employee base, FloaTEC can target mid- to large-scale FPS opportunities where speed-to-delivery and integrated capabilities are differentiators.

Growth signals Existing regional and industrial collaboration via McDermott and Keppel, combined with a scalable product suite, suggests opportunities in pursuing expansion through competitive tenders, technology licensing, and early-stage feasibility engagements in new basins or sanctioned projects.