We’re pleased to announce the signing of a multi-year deal covering seismic processing and imaging technology with Norwegian energy giant Equinor.

Under the deal, Equinor will replace existing third-party technology with an integrated solution using DUG McCloud, our innovative platform that allows clients to mix and match our high-performance computing as a service (HPCaaS), seismic processing and imaging (P&I) services, and DUG Insight geoscience software.

Our Managing Director Dr Matthew Lamont said the team at Equinor thoroughly evaluated every aspect of the DUG McCloud platform.

“We demonstrated that the ease of use, effectiveness and productivity of DUG Insight within the McCloud environment have the potential to provide short and long-term benefits, not to mention saving considerable money along the way,” Dr Lamont said

We have developed an advanced cooling method which reduces energy use and increases the life and efficiency of its hardware. The DUG Cool system, in which standard high-performance computing servers are submerged in a special fluid, delivers total power savings of about 46 per cent over a traditional, air-cooled room.

“Our DUG Cool patented cooling system enables us to operate some of the greenest supercomputers in the world and we’re looking forward to offer this technology to Equinor” said Dr Lamont.

The Equinor deal was announced to the ASX in our Supplementary Prospectus dated 5 August 2020.