- SRJ Technologies wins another major contract in West Africa for the long-term lease of its BoltEx flange clamps
- The contract was secured through local partner EnerMech, and will be deployed via a floating production and storage offloading unit (FSPO)
- Flange integrity management has become more popular given the combination of ageing assets and safety and environmental pressures
- SRJ is in an ideal position to offer swift and effective solutions to the West African market
- Company shares are up 9.1 per cent, trading at 12 cents at 3:00 pm AEDT
SRJ Technologies (SRJ) has scored another major contract in West Africa for the long-term lease of the company’s flange bolt integrity equipment for a major hot bolting campaign.
SRJ’s BoltEx flange clamps have proven a success, following the successful completion of hot bolting service offshore Ghana and Ivory Coast.
The BoltEx flange clamps offer a “robust and effective solution” for maintaining bolted joint integrity, offering critical maintenance works to be completed without affecting normal plant operation.
The contract was secured through the company’s local partner EnerMech, and will be deployed via a floating production and storage offloading unit (FSPO) which is managed by one of the world’s largest FPSO operators.
SRJ will call on local personnel to undertake hot bolting using BoltEx.
SRJ CEO Alex Wood said the company is in a strong position resulting from the rise in interest and demand of its technology.
“With our strategic placement of BoltEx flange clamp inventories across West Africa and
a highly effective nationalisation program, we are now in a unique position to offer swift
and effective solutions to this market,” he said.
Flange integrity management has become increasingly popular in recent times given the combination of ageing assets and safety and environmental pressures.
As for the financial aspect, an initial $144,000 for the first four weeks has been invoiced already, with further rental periods expected if the equipment remains deployed.
Company shares were up 9.1 per cent, trading at 12 cents at 3:00 pm AEDT.