[Germany] FSRU

[escveritas]

Seasystems won LOI for FSRU mooring system

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.

[escveritas]

Seasystems has completed LOI for mooring for Germany's FSRU

Bergen 25 April: With reference to the stock exchange notice (https://newsweb.oslobors.no/message/580938) of January 30th 2023, the letter of intent (LOI) awarded to Seasystems related to the mooring system to a floating LNG terminal in Germany, has been completed. The deliveries under the LOI represent a contract value in the range NOK 50-70 million.

A potential contract award is pending final investment decision on the project.