BRUNEI SUBSIDIARY OF GLOBAL ENERGY COMPANY, HIBISCUS PETROLEUM, EXPANDS GEP'S AI-DRIVEN PROCUREMENT SOFTWARE TO MANAGE SOURCE TO CONTRACT AND DRIVE NEW VALUE WORLDWIDE
- The fast-growing oil & gas exploration and production company will leverage GEP's platform digitize sourcing, supplier and contract management across its global energy operations.
CLARK, N.J., Sept. 30, 2025 /PRNewswire/ -- GEP®, a leading provider of procurement and supply chain strategy, software and managed services to Fortune 500 and Global 2000 enterprises worldwide, today announced Hibiscus EP (Brunei) B.V. (HEB), a wholly owned subsidiary of Malaysia-listed Hibiscus Petroleum Berhad, has selected GEP SOFTWARE™ to digitize and unify its entire source-to-contract (S2C) process, encompassing sourcing, supplier management and contract management.
Hibiscus Petroleum Berhad, headquartered in Kuala Lumpur, operates across Southeast Asia, the UK and Australia, with a focus on monetizing producing oilfields and enhancing value from offshore assets. To streamline and automate its upstream procurement operations, HEB selected GEP SOFTWARE to establish a single, AI-powered platform for sourcing, supplier and contract management. Leveraging GEP's prior experience with Hibiscus Petroleum Berhad, which already uses GEP's sourcing module, the Brunei operation will accelerate deployment and integration with its existing ERP environment. The new system is expected to go live by late September 2025.
GEP SOFTWARE, recently named a Leader in the 2025 Magic Quadrant for Source-to-Pay (S2P) Suites, encompasses GEP SMART™, the world's best procurement software, GEP NEXXE™, the next-generation cloud-native supply chain unified platform, and GEP GREEN™ to measure and advance sustainability. GEP SOFTWARE is powered by GEP QUANTUM, the industry's leading AI-first, low-code platform. It enables clients to drive optimum efficiency, agility, visibility and actionable intelligence into all procurement, purchasing and supply chain functions while eliminating burdensome infrastructure and support costs to achieve maximum ROI.
About GEP SOFTWARE
GEP SOFTWARE™ provides award-winning digital procurement and supply chain platforms that help global enterprises become more agile, resilient, competitive and profitable. With beautifully rendered interfaces and flexible workflows, GEP® provides users fresh, intuitive digital workspaces that yield extraordinary levels of user adoption and meaningful gains in team and personal productivity. GEP products capitalize on machine learning and cognitive computing, advanced data, semantic technologies, IoT, mobile and cloud technologies, and are designed to incorporate continual innovations in technology. GEP's software integrates quickly and easily with third-party and legacy systems, such as SAP, Oracle, Microsoft and all other major ERP and F&A software. And with superb support and service, GEP is an industry leader in customer satisfaction and loyalty. A leader in multiple Gartner Magic Quadrants, GEP's cloud-native software and digital business platforms consistently win awards and recognition from industry analysts, research firms and media outlets, including Gartner, Forrester, IDC, Procurement Leaders and Spend Matters. GEP SOFTWARE is part of Clark, NJ-based GEP — the world's leading provider of procurement and supply chain strategy, software and managed services. To learn more, visit www.gepsoftware.com.
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Derek Creevey
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GEP
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SOURCE GEP
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