Highlights:

  • SRJ Technologies shares were trading at AUD 0.0090, up 12.50% on 20 August 2026, following the release of latest update.
  • SRJ secured a specialist inspection services contract in Angola valued at £117,000, approximately A$222,000.
  • The company received its first formal Dubai Petroleum call-off order valued at AED 165,000, approximately A$63,000.
  • The Angola contract covers inspection activities for two FPSO vessels supporting an offshore asset life extension programme.
  • Dubai Petroleum mobilisation is scheduled for 16 September 2026 for robotic fugitive emissions detection services.

SRJ Technologies Group PLC (ASX:SRJ) has secured new international inspection work in Angola and progressed its Dubai Petroleum contract into operational delivery with the receipt of its first formal call-off order.

SRJ Technologies shares were trading at AUD 0.0090, up 12.50% during the afternoon Trading session on 20 August 2026. Over the past year, the company’s shares remain down 10.00%. The latest update outlined new contract activity across offshore inspection services and robotic emissions detection solutions.

SRJ provides asset integrity maintenance, engineering, and technology-enabled services to the energy, industrial, and maritime sectors, including advanced inspection services using robotics and unmanned aerial vehicle technologies.

Angola FPSO Inspection Contract Secured

SRJ’s Wholly Owned Subsidiary Air Control Entech Limited (ACE) has been awarded a specialist inspection services contract by Fulkrum Technical Resources Ltd to support an offshore asset life extension programme in Angola.

The contract has a value of £117,000, approximately A$222,000, and will involve inspection activities across two Floating Production Storage and Offloading (FPSO) vessels operating offshore Angola.

The scope includes preparation and delivery of Inspection and Test Plans, offshore inspection activities, and detailed reporting for Sulphate Removal Package equipment.

The inspection campaign will generate integrity data, including wall thickness measurements, condition assessments, and non-destructive testing results to support engineering evaluation and remaining life assessment of critical equipment.

SRJ said the Angola award represents its first contract through Fulkrum and its first FPSO inspection activity offshore Angola, building on previous experience in Nigeria and expanding its presence in West Africa.

Dubai Petroleum Contract Moves Into Delivery Phase

SRJ has also received its first formal call-off order under its three-year Dubai Petroleum contract announced in April 2026.

The order, valued at AED 165,000, approximately A$63,000, follows notification received in July 2026 regarding the first operational work scope.

Mobilisation to the Dubai Petroleum site is scheduled for 16 September 2026, with the initial work involving robotic detection of fugitive emissions across onshore assets.

The broader Dubai Petroleum agreement covers advanced robotic leak detection and emissions inspection services following a successful proof-of-concept campaign at the customer’s onshore gas facility.

The contract includes an indicative opportunity pipeline of up to US$4.4 million, approximately A$6.1 million, over three years, with an option for a further two-year extension at the customer’s discretion.

SRJ noted that the contract does not commit Dubai Petroleum to a minimum Volume of work, with services mobilised upon written request and charged at agreed Tariff rates.

Expanding International Inspection Capability

SRJ said the Angola contract and Dubai Petroleum call-off demonstrate the company’s ability to provide inspection and integrity services across multiple regions.

The company currently has active work scopes spanning the Americas, Middle East, West Africa, and the North Sea.

The Angola contract provides access to a new client channel through Fulkrum, while the Dubai Petroleum order marks the transition from contract award into operational delivery.

CEO Kurt Reeves said the Angola award expands ACE’s offshore FPSO experience in West Africa and demonstrates the company’s inspection and integrity engineering capabilities.

He added that the Dubai Petroleum call-off confirms that operational work scopes are commencing under the agreement, with mobilisation scheduled for September.

Asset Integrity and Technology Services

SRJ delivers asset integrity maintenance, engineering, and technology-based inspection solutions designed to support critical mechanical and pressure containment systems.

Through ACE, the company provides remote inspection services using advanced robotics and custom unmanned aerial vehicle technologies.

The company’s inspection solutions are designed to reduce human exposure during inspection activities while providing data to support asset management decisions.

SRJ’s products and services are used across energy and marine industries, with accreditation from major marine classification societies.

Investor Takeaway

SRJ Technologies’ latest update highlights expansion of its international inspection activities through an Angola FPSO contract and progression of its Dubai Petroleum agreement into operational delivery. The company has secured contracts across offshore inspection and robotic emissions detection services.

Investors may continue to monitor mobilisation activities, further work scopes under existing agreements, contract execution, and the company’s ability to expand its asset integrity services across international markets.