SRJ Technologies wins contract for BoltEx equipment from Southey Contracting

SRJ Technologies Group (ASX: SRJ) has announced the award of a significant contract valued at A$292k (US$192k) for the supply of their flange bolt integrity equipment, BoltEx. This contract, secured with Southey Contracting Limited, is aimed at a maintenance campaign for a Floating Production Storage and Offloading (FPSO) unit in West Africa, operated by a global energy company.

Contract Significance and Terms

This initial contract represents more than 5% of the current secured revenue for FY23 for SRJ Technologies Group, indicating a substantial boost to the company’s financial performance. The order falls under SRJ’s standard terms and conditions for a product sale, as detailed on the company’s website.

Southey Contracting: A Leader in NDT and LGI Services

Southey Contracting, renowned as one of Africa’s leading NDT (Non-Destructive Testing) and LGI (Large Group Instruction) service providers, specializes in access, inspection, maintenance, and manpower supply services. They cater extensively to the oil and gas and mining sectors across the African continent.

Comments from CEO Alexander Wood

Alexander Wood, the Chief Executive Officer of SRJ Technologies, expressed optimism about the growing demand for their BoltEx® solution. He highlighted the increasing global recognition of the safety and performance benefits that SRJ’s range of flange integrity products offers to significant infrastructure and industrial facilities.

SRJ’s Role in Elevating Integrity Management Performance

SRJ Technologies provides specialized engineering services and containment management solutions. With this contract, the company reinforces its role in enhancing asset integrity and safety standards in the global energy sector, particularly in FPSO operations in West Africa.