How SRJ’s $1.3M Middle East Contract Advances Its Asset Integrity Ambitions
SRJ Technologies’ UAE subsidiary has landed a US$879k contract to manage a major controls upgrade for a Middle Eastern National Oil Company, marking a key step in its regional expansion.
- US$879k contract awarded for asset integrity services
- Scope includes engineering, fabrication, and product delivery
- Contract duration set between 18 to 36 months
- Work to be executed through SRJ’s UAE-registered entity, First Avenue
- Significant milestone in SRJ’s transition to embedded regional partner
SRJ’s Strategic Middle East Breakthrough
SRJ Technologies Group Plc (ASX, SRJ) has announced a pivotal contract win through its wholly owned UAE subsidiary, First Avenue General Contracting LLC. The company secured a US$879,000 (A$1.312 million) purchase order from CAPSA Engineering & Contracting L.L.C. to deliver asset integrity services for a National Oil Company (NOC) in the Middle East. This contract represents a significant step in SRJ’s ongoing strategy to embed itself as a trusted partner in the region’s energy sector.
The contract focuses on managing and supplying engineering, fabrication, and product delivery to facilitate a major controls upgrade across six units of varying sizes. The upgrade aims to modernise plant control systems, a critical factor in maintaining the integrity, safety, and profitability of the NOC’s operational assets. The work will be staged, commencing with one unit and followed by five others, with the exact sequence and timing yet to be finalised.
Contract Details and Regional Implications
Spanning an estimated 18 to 36 months, the contract’s delivery model places SRJ in charge of the entire workstream, including management, subcontracting, personnel, material supply, and financing. CAPSA remains the primary contractor responsible to the NOC, with SRJ operating as a key subcontractor through its UAE-registered entity, First Avenue. This arrangement underscores SRJ’s growing footprint and operational capability within the Middle Eastern oil and gas services market.
While the contract value is modest relative to some industry benchmarks, SRJ Chairman George Gourlay emphasised its strategic importance. “This purchase order is an important validation of SRJ’s transition from initial market entry to active execution as a regionally embedded Asset Integrity and Maintenance partner,” he said. The deal builds on SRJ’s momentum in the region and supports its ambition to secure direct tenders from National Oil Companies in the future.
Looking Ahead
SRJ’s asset integrity services leverage advanced robotics and UAV technologies, enabling safer and more accurate inspections of critical infrastructure. The company’s ability to deliver agile, cost-conscious solutions by utilising local pre-qualified service providers further strengthens its competitive position. Investors will be watching closely as SRJ progresses through the contract milestones and explores additional opportunities in the Middle East’s energy sector.
Bottom Line?
SRJ’s latest contract win signals growing regional influence but leaves timing and scale of future projects open.
Questions in the middle?
- How will SRJ manage the sequencing and timing uncertainties for the five subsequent units?
- What pipeline opportunities exist for SRJ to expand its footprint with other National Oil Companies?
- How does SRJ’s offering compare with competitors in the Middle East asset integrity market?
