Specialized Floating Systems FloaTEC's expertise in designing and delivering proprietary floating production systems including TLP, Spar, and Semi-submersible hulls positions it as a key provider for offshore oil and gas projects requiring advanced floating solutions.

Joint Venture Strength As a 50:50 joint venture between McDermott International and Keppel Offshore and Marine, FloaTEC benefits from combined technical capabilities and deep industry relationships, enabling potential collaboration opportunities for integrated offshore projects.

Market Niche Focus FloaTEC’s focus on floating production systems with options for wet and dry tree configurations suggests significant opportunities in deepwater and ultra-deepwater markets where these technologies are in high demand.

Mid-Size Advantage With a team of 51-200 employees and revenues between $25M and $50M, FloaTEC can provide specialized, high-quality solutions with greater flexibility compared to larger firms, appealing to clients seeking custom, innovative offshore systems.

Strategic Partnership Potential FloaTEC’s position within a network of major industry players and its technological portfolio make it an attractive partner for oil companies and EPC contractors looking to incorporate advanced floating production platforms into their project pipelines.