SRJ Technologies Group PLC (ASX:SRJ) has been awarded a new consulting contract and a contract extension totalling about A$184,000 by SBM Offshore based in Monaco.
The contract extension follows the successful completion of a previous contract to undertake detailed engineering analysis of SBM’s future floating production system (FPSO) designs as part of its Fast4Ward® program.
Importantly, the new consulting contract award is for a reliability analysis and maintenance optimisation to ensure safety system integrity on its FPSO’s.
“Great demand for expertise"
SRJ CEO Alex Wood said: “The SRJ Consulting team is seeing great demand for its expertise in asset integrity management in all its forms – 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”
The SRJ analysis work will enable SBM to optimize the design of machinery spaces without compromising integrity and long-term reliability.
This contract extension covers additional in-depth engineering analysis to enable further FPSO design optimisation and to deliver additional cost savings.
Furthermore, this contract continues the consulting work SRJ has been delivering to SBM over the last year to support the ongoing implementation and rollout of a new ERP system across its fleet of FPSOs.
About the company
SRJ Technologies provides specialised engineering services and containment management solutions, improving integrity management performance for customers.
The company offers a wider range of asset integrity consulting services helping customers to better understand the operational risks and where best to focus resources to minimise these risks.
SRJ’s range of industry accredited products is designed to maintain and assure the integrity of pressure containment systems and therefore play an important role in the overall integrity of operating facilities.
Using pre-qualified service providers and manufacturers local to customers, SRJ is geolocation-flexible and able to deliver a range of high quality, agile and cost-conscious solutions globally.