FloaTEC, LLC (FloaTEC) is a 50:50 joint venture company created by J. Ray McDermott and Keppel FELS to design, build and deliver deepwater floating production systems (FPS). FloaTEC is the only company to offer a full complement of FPS solutions for its clients – encompassing Spar, Semi, and TLP technology solutions.

FloaTEC’s mandate is to create value in the deepwater market by acting as an extension and integrator of its JV Parent’s resources and capacities, creating value for clients by assuming the management role of program and project interfaces. FloaTEC integrates with its Parents’ organizations through well-defined management systems and procedures to achieve organizational capability to execute projects.

FloaTEC provides unbiased and concept-neutral engineering to support early decision making. Whether the field development dictates a TLP, Spar or Semi FPS solution, FloaTEC can take an unbiased look at what works best. FloaTEC has built an industry recognized capability regarding the technology related to its products. The highly efficient tools and procedures for design and analysis of hulls, risers and moorings produce efficient fit-for-purpose floating system designs with optimum performance. The tools can assess the individual components, combinations of components or the fully integrated system.

After the facility selection process is complete, FloaTEC can transition a project seamlessly from Front-End Engineering Design (FEED) to actual EPC Project Execution and Delivery. Through execution of technical feasibility studies, conceptual design and FEED, FloaTEC’s objective is to ultimately capture EPC contracts and create pull through opportunities for its parents through a structured approach of developing a winning execution and contracting strategy, fully aligned with our client's goals and values. FloaTEC has the distinct advantage of having its parents’ respective fabrication and shipyard facilities at its disposal, enabling FloaTEC to optimize execution planning and strategy. FloaTEC is unique in that it represents a partnership that enables the fabrication of any hull form to be executed in multiple locations.

FloaTEC’s Vision:  “Be the global leader in floating production systems, providing value through our proven and innovative solutions – from concept to delivery!”