SRJ Wins £695k Contract for Advanced Inspection and Emissions Monitoring in 2025
SRJ Technologies has landed a £695k (A$1.45m) contract to deliver advanced inspection and emissions monitoring services on North Sea assets for a global Oil & Gas Supermajor in 2025. This deal highlights SRJ’s growing leadership in emissions monitoring and its strategic push for long-term, high-value contracts.
- £695k (A$1.45m) contract awarded for 2025 North Sea operations
- Fixed monthly invoicing with potential for additional ad-hoc work
- Contract awarded by a top 7 global Oil & Gas Supermajor
- SRJ’s ACE subsidiary granted ‘Super-User’ status for emissions monitoring
- Contract reinforces SRJ’s strategy for long-term, high-value market presence
Contract Award and Scope
SRJ Technologies (ASX: SRJ) has announced a significant contract win with a global Oil & Gas Supermajor, one of the world’s largest integrated energy companies. The £695,000 (approximately A$1.45 million) contract covers advanced inspection and emissions monitoring campaigns on the client’s North Sea assets throughout 2025. The contract features a fixed monthly invoicing model, providing SRJ with steady revenue streams, while also allowing for additional ad-hoc work orders as operational needs arise.
ACE365 Model and ‘Super-User’ Status
The contract award follows successful demonstrations of SRJ’s ACE subsidiary’s proprietary ACE365 model during 2023 and 2024. This model integrates advanced inspection technologies with embedded manpower and equipment positioned offshore, enabling rapid and efficient deployment for inspection and monitoring tasks. The client’s approval of emissions monitoring scopes in 2024 has elevated ACE to ‘Super-User’ status, pre-qualifying the company for expanded emissions monitoring work across the client’s global asset base in the coming years.
Strategic Implications for SRJ
This contract not only underscores SRJ’s leadership in emissions monitoring technology but also aligns with its strategic objective to secure long-term, high-value contracts in critical energy markets. The North Sea remains a challenging environment for operators, with increasing regulatory and cost pressures driving demand for innovative, safer, and more cost-effective inspection solutions. SRJ’s ACE365 approach addresses these challenges by reducing operational expenditure and minimizing personnel exposure to hazardous offshore conditions.
Management Commentary
Marc Whitton, Managing Director of ACE, highlighted the company’s commitment to delivering innovative technologies that set new industry standards in oil and gas inspection and emissions monitoring. He emphasized that the contract award solidifies ACE’s reputation as a trusted partner for operators seeking to optimise operational efficiency without compromising safety or quality.
Outlook and Market Position
With this contract, SRJ strengthens its foothold in the emissions monitoring sector, a market segment gaining prominence amid global efforts to reduce environmental impact in oil and gas operations. The fixed monthly revenue model combined with potential additional call-offs offers a balanced mix of predictable income and growth opportunities. Investors will be watching closely for further contract expansions or new awards, particularly as SRJ leverages its ‘Super-User’ status to deepen relationships with this and other supermajor clients.
Bottom Line?
SRJ’s North Sea contract win marks a pivotal step in cementing its role as a leading emissions monitoring partner for global oil majors.
Questions in the middle?
- Will SRJ secure similar contracts with other global supermajors leveraging its ACE365 model?
- How will the fixed monthly invoicing and ad-hoc call-offs impact SRJ’s revenue visibility and growth?
- What technological innovations might SRJ introduce next to maintain its competitive edge in emissions monitoring?
