SOFEC, Inc.
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
Where SOFEC, Inc. is headquartered
LocationHeadquarters
- 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 offeringCore 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 profileSegments1 record
Ideal customer profiles1 record
SOFEC, Inc. technology and API
TechnologyTechnology 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 assessmentDirect 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. social profiles
Digital presenceSOFEC, Inc. financial estimates
Financial estimateRevenue estimate
Valuation estimate
SOFEC, Inc. leadership team
Management profileNumber of profiles
SOFEC, Inc. funding detail
Funding detailFunding 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 investmentM&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?
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.
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.