- SRJ Tech’s new three-year contract is with a leading government‐owned Middle Eastern upstream operator.
- Contract covers advanced robotic leak detection, emissions inspection across onshore and offshore assets.
- Follows proof-of-concept campaign at onshore gas facility.
SRJ Technologies Group’s (ASX: SRJ) UAE subsidiary Air Control Entech Survey (ACE) has been awarded a $6.1 million, three‐year contract by a major government‐owned upstream oil and gas operator in the United Arab Emirates.
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The contract award, which will deliver advanced robotic leak‐detection and emissions‐inspection services, follows a successful proof-of-concept campaign completed by ACE at one of the client’s onshore gas facilities.
That campaign demonstrated the effectiveness of ACE’s proprietary remote inspection technologies, developed by the company’s in-house research and development team, in detecting leaks and quantifying emissions with a high degree of accuracy, safety and operational efficiency.
SRJ’s chief executive officer, Kurt Reeves, said the client oversees a broad portfolio of mature onshore and offshore oil and gas production assets that have supported the region’s hydrocarbon sector for decades.
“These long‐producing fields constitute a key component of the Emirate’s energy output and have significantly influenced the development of its wider economy,” he added.
Mr Reeves said the contract represents a significant milestone for SRJ as it builds direct relationships with leading oil and gas NOCs in the Middle East.
“Importantly, it also validates the strength of our technology following a successful on-site proof-of-concept,” he said.
“We are proud to support our new client in improving the safety, efficiency, and environmental performance of its operations.
“This long-term agreement provides a strong foundation for recurring revenue and further expansion across the region.”
Under the terms of the agreement, ACE will deploy advanced robotic and remote inspection solutions to support the client’s asset integrity, emissions management, and regulatory compliance objectives across multiple facilities.
The services will be delivered over a three-year term, subject to standard termination clauses and the option to extend by a further two years at the client’s discretion.
The agreement operates on a call-off basis, with services mobilised upon written request by the client and delivered in accordance with agreed operational, safety and regulatory requirements.
SRJ is steady at 0.9¢. Mkt cap $5.999M.
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Colin Sandell-Hay
The Market Link
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