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DNeX wins contract to supply automatic tank gauging for Petronas stations nationwide

Kuala Lumpur, 17 July 2019 – Dagang NeXchange Berhad (“DNeX”), through wholly-owned subsidiary OGPC Sdn Bhd, has won a contract from PETRONAS Dagangan Berhad for the supply, installation, testing, commissioning and maintenance automatic tank gauging (“ATG”) for PETRONAS stations.

Under the contract, OGPC will be undertaking the supply, installation, testing, commissioning and maintenance of ATG and its accessories for some 200 PETRONAS stations nationwide.

The contract, valued at about RM11.8 million, is for a period of two years with an option to extend for another two years.

Works on the project also include the supply, installation, testing, commissioning and maintenance of the Wetstock Management System (“WMS”) connected to ATG and its accessories, as well as relevant hardware, software on cloud-based platform and cybersecurity systems.

The ATG and its accompanying hardware and software system provides automatic measurement of fuel storage tanks thus enabling more accurate and improved, real time reading.

“The project augurs well with efforts to boost book order, and further expand on business growth of OGPC including contracting work in downstream sector,” said Datuk Samsul Husin, Executive Deputy Chairman of DNeX.

He said OGPC, which is a supplier, service provider and contractor for oil and gas, petrochemical, power, palm oil and general industries, has contributed a new stream of revenue for DNeX since the Group acquired the company in 2016.

“We are continuously growing this business namely to get more jobs, which OGPC has beendelivering this year,” he said.

In addition, OGPC, which is currently a distributor of technical and engineering products from reputable global manufacturers, is also working to expand its global principals to better serve customers, he added.

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