A system and a method for an offshore platform that is self-installing, not requiring use of a heavy lift vessel for installation at a site. The system has a built-in, retractable, suspended, conductor guide support frame assembly coupled to the hull of the platform and serves as lateral guide/support for the well conductors/casings during operational conditions. The conductor guide support frame assembly is generally raised during wet tow/transit. At the site, the conductor guide support frame assembly is lowered and secured into the sea to its designated elevation. The conductor guide support frame assembly generally remains suspended from the hull and does not need to extend all the way to the seabed foundation. After operations are completed, the conductor guide support frame assembly is generally raised up relative to the hull, and the whole platform with the conductor guide support frame assembly relocated for reuse at a new site.