DUG Technology Secures First-Year Purchase Order with PETRONAS, Lifting Contract Value to Over US$43 Million.

DUG Technology Ltd (ASX: DUG) has received the first purchase order under its multi-year SaaS and HPCaaS agreement with PETRONAS, marking a significant boost to the contract value. The initial order for the first year is worth US$14.9 million, including US$0.7 million in implementation and training charges, of which US$4.6 million will go to partner Cegal. For years two and three, the annual value is expected to be at least US$14.2 million each, taking the overall contract expectation to US$43.3 million, a material upgrade from the previously announced US$23.8 million.

The uplift reflects greater compute and storage demand, broader use of DUG Insight software, and the addition of dedicated geophysicists. DUG will provide PETRONAS with advanced computing, storage capacity, and full access to its subsurface imaging toolkit, enabling cutting-edge workflows. This strengthens DUG’s role as a global leader in sustainable high-performance computing and geoscience solutions.

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