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	P R E S I D E N T ' S M E S S A G E "The future of the offshore oil and gas industry is in deepwater Exploration & Production. Given the current high number of deepwater prospects being pursued and opportunities available, FloaTEC, LLC is without a doubt in the right market, at the right time, with the right solutions. Without exception all of the top twenty-five international oil and gas companies regard deepwater E&P as a key element of their strategic growth for the coming decade. Our business model - involving an unmatched portfolio of floating platforms, an unbiased approach to concept selection and contracting and delivery flexibility - should be of great interest to these operators. As an extension of our Joint Venture Parents, J Ray McDermott and Keppel FELS, we can leverage their global resource and fabrication capacities to provide value to our clients”. Eric Namtvedt, FloaTEC, LLC President

FloaTEC, LLC is a 50:50 joint venture company created by J. Ray McDermott and Keppel FELS to deliver deepwater floating production systems (FPS). The company boasts an unmatched portfolio of multiple FPS solutions for its clients, and offers a unique business model which gives operators maximum flexibility in how they contract for all or part of a deepwater FPS.

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Delivering unbiased
"Floating Technology, Engineering & Construction"
production solutions to the deepwater market.

V I S I O N S T A T E M E N T

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