Scana Company with LOI for FSRU Mooring System

Source: 1/30/2023, Location: Europe

Scana-owned Seasystems has been awarded a letter of intent (LOI) for the delivery of a mooring system to a floating LNG terminal in Germany. The letter of intent is entered into with the intension to secure good cooperation in conjunction with a potential contract for a FSRU mooring system.

Seasystems’ scope consists of a complete mooring solution including design, analysis, model testing and mooring equipment such as chain, chain stoppers, jacks and winches.

The project has been in an engineering phase for the past six months. Fabrication will start immediately, and the equipment will be delivered in the third quarter of 2023. For Seasystems, this is a substantial contract (2).

(1) A sizeable contract is defined to be between NOK 10 million and NOK 50 million.
(2) A substantial contract is over NOK 50 million.

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