DUG Secures Multi-Year SaaS and HPCaaS Deal with PETRONAS

DUG Technology Ltd (ASX: DUG) has entered into a significant multi-year agreement with PETRONAS DIGITAL SDN BHD, a subsidiary of Malaysia’s national energy company, to deliver Software-as-a-Service (SaaS) and High-Performance Computing as-a-Service (HPCaaS). Under this letter of award, DUG will provide PETRONAS with dedicated compute and storage infrastructure, along with full access to its DUG Insight toolkit, which features advanced imaging capabilities such as elastic multi-parameter full waveform inversion (eMP-FWI).

These resources will enable PETRONAS to conduct cutting-edge subsurface processing and imaging, as well as support third-party applications. To complement the offering, DUG has partnered with Cegal, a Norwegian technology company specialising in energy software and services, which will oversee the managed services scope. The agreement spans an initial three-year term, extendable by two years, with a minimum total contract value of US$23.8 million, of which US$5.6 million is allocated to Cegal. Commissioning is expected to be completed in early 2026, following staged deliveries through 2025.

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