SOFEC, Inc.

Offshore Mooring Systemssofec.com

SOFEC provides specialized mooring solutions, including single-point mooring systems, for offshore floating production vessels (FPSOs) serving oil and gas operators worldwide. The firm has merged into MODEC and now operates as MODEC's Mooring Solutions Business Unit.

Company typePrivate
Founded1972
HeadquartersHouston, United States
Headcount101–250
GTM typeB2B
OfferingHardware or Manufacturing

SOFEC, Inc. firmographics

Firmographics

Name: SOFEC, Inc.
Legal name: SOFEC, Inc.
Website: https://sofec.com
Company type: Private
Founded year: 1972
Operating status: Acquired
Headcount range: 101–250 employees
Short description: SOFEC provides specialized mooring solutions, including single-point mooring systems, for offshore floating production vessels (FPSOs) serving oil and gas operators worldwide. The firm has merged into MODEC and now operates as MODEC's Mooring Solutions Business Unit.
Ownership category
akta.pro rank

SOFEC, Inc. industry classification

Industry

Product category: Offshore Mooring Systems
NAICS: Oil and Gas Field Machinery and Equipment Manufacturing (333132)
SIC: Oil & Gas Field Machinery & Equipment (3533), Oil & Gas Field Services, Nec (1389)
akta.pro primary industry: Subsea Services & Equipment (Subsea Trees, Umbilicals, Installation, IMR) (EUALABAI)
akta.pro secondary industries: FPSO/FSO Hull Construction & Conversion (IMAJACAC), Offshore Marine & Aviation Support (PSVs, AHTS, Crew Boats, Helicopters) (EUALABAJ)

Keywords

Offshore mooring systems
Single-point mooring
Floating production systems
FPSO mooring solutions
Offshore oil equipment

Where SOFEC, Inc. is headquartered

Location

Headquarters

HQ city: Houston
HQ country: United States
HQ region: North America

Offices6 records

Markets served

SOFEC, Inc. business model

Business model

GTM type: B2B
Offering type: Hardware or Manufacturing
Cost components: Supply Chain, Personnel, Technology or R&D, Operations

Revenue model

Mooring Solutions Engineering and Services: B2B engineering services providing mooring solutions for floating production systems in the offshore oil and gas industry. Revenue generated through project-based engineering contracts and aftermarket services for mooring equipment.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

SOFEC, Inc. product offering

Product offering

Core offering

SOFEC, Inc. designs, engineers, and supplies single-point mooring (SPM) systems and related mooring solutions used to station floating production units, including FPSO vessels, in offshore oil and gas fields. The company has operated in mooring technology since 1972 and now functions as the Mooring Solutions Business Unit of MODEC, Inc., drawing on MODEC's global office network to deliver mooring systems and engineering services to offshore operators worldwide.

Differentiator

Problem solved

Functional benefit

Products and services

Single-Point Mooring (SPM) Systems Engineered SPM systems used to moor floating production and storage vessels in offshore oil and gas fields; sold to offshore operators and EPC contractors.
FPSO Mooring Solutions Customized mooring system design, analysis, and supply packages tailored to FPSO vessels and other floating production units used by offshore oil and gas operators.
Floating Production Mooring Systems Mooring system solutions for floating production systems deployed in offshore oil and gas fields, delivered as part of SOFEC's role as MODEC's Mooring Solutions Business Unit.

Companies that use SOFEC, Inc.

Customer profile

Segments1 record

Ideal customer profiles1 record

SOFEC, Inc. technology and API

Technology

Technology focussed No

API detail

Has API: No
API docs
API detail

Core technology

AI maturity

App detail

Feature1 record

SOFEC, Inc. competitors and assessment

Company assessment

Direct peers

SBM Offshore: SBM Offshore is one of the world's largest FPSO contractors and operates a mooring and turret systems capability that directly overlaps with SOFEC's single-point mooring offering for floating production systems.
BW Offshore: BW Offshore is an FPSO operator with proprietary mooring and turret technology, making it a directly comparable mooring solutions provider for floating production systems.
Bluewater Energy Services: Bluewater designs, owns, and operates FPSOs and has developed its own single-point mooring systems, placing it in direct product overlap with SOFEC's mooring solutions portfolio.
Single Buoy Moorings (SBM) / Sofec historical peers — Vryhof: Vryhof is a specialist mooring and anchoring solutions provider for offshore vessels and floating structures, directly competing with SOFEC in offshore mooring systems.
InterMoor (Acteon group): InterMoor provides mooring services, installation, and engineered mooring solutions for floating offshore units, directly comparable to SOFEC's mooring engineering and installation offering.

Broad incumbents

Subsea 7: Subsea 7 is a major subsea contractor delivering installation, IMR, and subsea hardware for offshore oil & gas; its subsea equipment scope overlaps with mooring systems even though its core focus is subsea construction.
TechnipFMC: TechnipFMC supplies subsea production systems, umbilicals, risers, and flowlines for offshore oil & gas projects, competing broadly for offshore equipment scopes adjacent to SOFEC's mooring systems.
Aker Solutions: Aker Solutions delivers subsea production systems and offshore engineering services globally, including mooring-related scopes, making it a broad incumbent comparable to SOFEC's offering within MODEC.
Saipem: Saipem is an integrated offshore EPCI contractor with capabilities spanning FPSO hookup, offshore structures, and mooring installations, comparable as a broad incumbent in SOFEC's offshore engineering space.
McDermott: McDermott provides offshore EPCI services for fixed and floating platforms, including mooring system installation for deepwater developments, making it a broad incumbent peer for SOFEC's mooring scope.

Market position

Customer concentration

SOFEC, Inc. financial estimates

Financial estimate

Revenue estimate

Valuation estimate

SOFEC, Inc. leadership team

Management profile

Number of profiles

SOFEC, Inc. funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

SOFEC, Inc. M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about SOFEC, Inc.

What does SOFEC, Inc. do?

Is SOFEC, Inc. a public or private company?

SOFEC, Inc. is a private company. It is classified as corporate owned and is currently acquired.

When was SOFEC, Inc. founded?

SOFEC, Inc. was founded in 1972. It employs 101 to 250 people.

Where is SOFEC, Inc. based?

SOFEC, Inc. is headquartered in Houston, United States, in the North America region.

How does SOFEC, Inc. make money?

One revenue line is on record: mooring Solutions Engineering and Services.

Who are SOFEC, Inc.'s main competitors?

Direct peers on record are SBM Offshore, BW Offshore, Bluewater Energy Services, Single Buoy Moorings (SBM) / Sofec historical peers — Vryhof and InterMoor (Acteon group). Broad incumbents are Subsea 7, TechnipFMC, Aker Solutions, Saipem and McDermott.

Does SOFEC, Inc. have an API?

No public API is recorded for SOFEC, Inc..

What industry is SOFEC, Inc. in?

SOFEC, Inc.'s product category is Offshore Mooring Systems. Its primary akta.pro industry code is EUALABAI, Subsea Services & Equipment (Subsea Trees, Umbilicals, Installation, IMR), with a secondary code of IMAJACAC, FPSO/FSO Hull Construction & Conversion. Its NAICS code is 333132 and its SIC code is 3533.