SRJ Technologies secures more asset integrity work with global entity SBM Offshore

SRJ Technologies ASX SRJ asset integrity SBM Offshore vessel FPSO floating production storage and offloading
SRJ Technologies chief executive officer Alex Wood says the consulting team’s asset integrity services are in “great demand”.

Monaco-based SBM Offshore has awarded SRJ Technologies (ASX: SRJ) a new asset integrity consulting contract and extended an existing agreement, which equates to a further $184,000 in work.

The new consulting contract is for SRJ to provide SBM with reliability analysis and maintenance optimisation services for its floating production storage and offloading (FPSO) vessels.

This is expected to ensure the vessels’ safety system integrity.

The new consulting contract continues work SRJ has been undertaking for SBM over the past 12 months, which has supported the implementation and roll-out of SBM’s ERP system across the FPSO fleet.

According to SRJ chief executive officer Alex Wood, SRJ’s consulting team is seeing “great demand” for its expertise in asset integrity management.

“This cements our relationships with customers and gives us credibility as well as clear visibility of opportunities to sell our asset integrity solutions and products,” he added.

Contract extension

As well as the consulting work, a contract extension was awarded following SRJ’s successful completion of a previous agreement that required detailed engineering analysis of SBM’s future FPSO designs under its Fast4ward program.

It is anticipated SRJ’s analysis will enable SBM to optimise the design of machinery spaces without compromising integrity and long-term reliability.

The extension covers additional in-depth engineering analysis to enable further FPSO design optimisation and deliver more cost-savings.

SRJ’s asset integrity solutions

SRJ provides specialised engineering services and containment management solutions to boost clients’ integrity management.

The company develops and distributes weld-free coupling and leak containment products for oil, gas, LNG and mining sectors.

These products are designed to maintain and reinforce the integrity of clients’ pressure containment systems.

Due to welding not being required, the installation time of SRJ’s parts is reduced – decreasing any costly potential downtime for clients.

SRJ also offers clients its consulting services, which help with better understanding operational risks and how to minimise them.

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