Pansoft Company Limited signs contract with PetroChina

BVI-registered Pansoft Company Limited announced that it has signed a contract with PetroChina Company Limited, the largest oil and gas producer and distributor in China. The contract for developing and installing treasury management  system is approximately US$1.76 million worth, and the project is to be completed in three years.

The treasury management system for PetroChina will also incorporate thousands of its subsidiaries and will enable the management of all its resources under one common platform, representing one of the largest treasury management systems in China.  It is to control the entire process of dynamic management and monitoring and controlling business flow, capital flow and integrated information flow.

This is not the beginning of BVI company’s partnership with PetroChina. In the end of 2009, Pansoft signed contract for software system development with Chinese oil and gas producer.  This contract, worth approximately US$5 million, was the largest for the BVI company.

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