Mooring systems for floating facilities that are used offshore to produce oil and gas, consisting of individual mooring lines and foundations, are currently designed on the basis of individual components and on a case-by-case basis. The most heavily loaded line and anchor are checked under extreme loading conditions (hurricane and loop current) with the system of lines intact and with one line removed. However, the performance of the entire mooring system depends more directly on the performance of the system of lines and foundations rather than on the performance of a single component. In this study, a floating production system design originally developed by the industry consortium, DeepStar, was chosen for study. The mooring system was designed for three different nominal water depths: 1000, 2000 and 3000 m. It is a classic spar with steel mooring lines in 1000 m of water and polyester mooring lines in deeper depths. Based on simulated results of loads on mooring lines and foundations using a numerical model, reliability analyses were conducted using representative probabilistic descriptions of the extreme met-ocean conditions, hurricanes and loop currents, in the Gulf of Mexico. The probability of failure of individual mooring line components during a 20-year design life is calculated first, followed by that of a complete mooring line which consists of top and bottom chains, a steel cable or polyester rope at the middle and a suction caisson foundation, and finally that of the mooring system. It is found that foundations have failure probabilities that are more than an order of magnitude smaller than those for lines under extreme loading. Mooring systems exhibit redundancy in that the failure of the most heavily loaded component during an extreme event does not necessarily lead to failure of the system. The system reliability and redundancy are greater for the taut versus semi-taut systems and is greater for designs governed by loop current versus hurricane events. Although this study concerns about the mooring systems of a classical spar, the methodology of the reliability analysis and the conclusions made in this study may have important implications to the other deepwater mooring systems / text