SRJ’s ACE Faces Pressure to Expand After £235k Supermajor Contract Wins

Advanced Inspection Contract Win

SRJ Technologies Group’s subsidiary, Air Control Entech Limited (ACE), has secured a significant contract valued at £207,000 (approximately A$398,000) to provide advanced inspection services on a North Sea Floating Production Storage and Offloading (FPSO) vessel. This contract, awarded by one of the world’s largest energy supermajors, underscores ACE’s growing reputation in delivering cutting-edge inspection solutions to the offshore energy sector.

In addition to the FPSO contract, ACE has also received a further purchase order worth £28,000 (A$54,000) for an advanced inspection of firewater tanks at a gas processing facility operated by the same client. Together, these contracts highlight the expanding scope of ACE’s services within this major client’s operations.

The ACE365 Model: Efficiency and Safety

Central to ACE’s service delivery is its ACE365 inspection model, which involves installing inspection and monitoring equipment directly on the asset for the contract duration. This approach minimises the need for repeated mobilisation of personnel offshore, significantly reducing operational expenditure and enhancing safety by limiting human exposure to high-risk environments.

ACE leverages advanced robotics and unmanned aerial systems (UAS) to conduct inspections, enabling the company to access previously challenging or hazardous areas while providing high-quality, repeatable data. This technology-driven approach aligns with industry trends prioritising safety and operational efficiency in asset integrity management.

Strategic Relationship with a Global Energy Leader

The awarding of these contracts reflects the continuation and strengthening of ACE’s relationship with a top-tier global energy supermajor, often referred to as one of the ‘Supermajors’. While the client’s identity remains confidential, the association with such a reputable and investment-grade rated company lends credibility and potential for future growth.

SRJ notes that additional vessels within the client’s fleet may offer further opportunities for ACE’s inspection services, though any future engagements will depend on separate commercial agreements and client approvals. This potential pipeline could provide a meaningful revenue stream if realised.

Looking Ahead

Marc Whitton, Managing Director of ACE, emphasised the value of the ACE365 model in delivering flexible and efficient inspection solutions tailored to offshore operators’ needs. The company’s focus on innovation and safety positions it well to capitalise on the evolving demands of the energy sector, particularly as ageing offshore assets require increasingly sophisticated integrity management.

Overall, these contract wins not only bolster SRJ’s revenue but also validate its technological approach in a competitive market. Investors will be watching closely for further contract awards and the company’s ability to scale its ACE365 model across other assets and clients.