Bergen 30 January: 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.

For more information, please contact:

Torkjell Lisland, Managing Director, Seasystems AS, +47 46 91 80 44
Oddbjørn Haukøy, CEO, Scana ASA, +47 911 71 914

Seasystems in brief 
Seasystems delivers robust and reliable mooring solutions to floating
structures, including project management, engineering, fabrication, and
installation. Seasystems is owned by the stock listed company Scana ASA, an
industrial company for leading companies within the ocean industries.
The company is located at Vestby, about 40 kilometer south of Oslo City.

Scana in brief 
Scana is a listed industrial owner company in the ocean industries creating
value through active ownership in market-leading portfolio companies. Our vision
is to accelerate decarbonisation of the maritime and offshore sector by being a
driving force in electrification and emission reduction solutions. Scana's
portfolio companies have a solid innovation and commercialisation history based
on core competence in selected niches. Scana is headquartered in Bergen and has
around 350 employees.

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© Oslo Bors ASA, source Oslo Stock Exchange