In continued pursuit of safe and economic field development solutions in deep and ultra-deep waters, the authors in this paper present a project oriented and technology robust dry tree semi-submersible floater concept. The proposed dry tree floating production and drilling system is based on the proven technology of a conventional four-column deep draft semi-submersible and comprises topside facilities, hull and mooring system, top-tensioned risers, and steel catenary risers.The paper discusses engineering analysis, computer simulation, and model test validation carried out in the investigation of the proposed concept. Sample design cases for ultra-deep water fields in the Gulf of Mexico are presented, where the authors discuss design philosophy, global configuration, and coupled responses of the dry tree semi-submersible hull with mooring and riser system. Safe design and layout of the wellbay hosting the top-tensioned riser system and its interfaces with hull and topsides are addressed as the core of the concept technology. In addition, constructability of the proposed dry tree semi concept is discussed by outlining project execution options under realistic infrastructure and facilities constraints during project construction, integration, and installation phases. Through engineering design, analysis and verification, the authors demonstrate robust performance and cost-effectiveness of the proposed concept, particularly the attractive quayside integration and commissioning. In summary, this paper presents a project oriented dry tree semi-submersible floating system concept with potential improved cost efficiency and reliability over current technology.