Concept level engineering has been performed for a promising new deepwater platform design. The tension raft jacket (TRJ) employs a fairly conventional fixed platform-type jacket and deck supported by a deeply submerged buoyant concrete raft. The raft is founded to the sea bottom by vertically tensioned tendons similar to conventional TLPs. Tensioned drilling and production risers are used. A TRJ design is discussed for a medium-size deck payload and a water depth of about 1,500 feet. Work to date includes preliminary sizing of the deck, jacket, raft and tendons; global response analysis; development of potential fabrication and installation methods; and development of preliminary schedules and costs. The TRJ concept is expected to compete with compliant tower platforms in shallow water depths and with large drilling TLPs in deep water. The primary benefits of the TRJ concept are simplicity of design, constructability with existing Gulf of Mexico (GOM) infrastructure, lower capital costs, and shorter development schedules.