Brunei Subsidiary of Hibiscus Petroleum Advances Globally with AI procurement
Hibiscus EP (Brunei) B.V. (HEB), a wholly owned subsidiary of Malaysia-listed Hibiscus Petroleum Berhad, has announced the global expansion of its AI-powered procurement platform by adopting GEP SOFTWARE\u2122 to digitize and unify its entire source-to-contract (S2C) process[1]. This move is part of a broader strategy to streamline and automate upstream procurement operations across the company\u2019s international energy assets.
Key Details of Hibiscus Petroleum AI procurement
- Technology Adoption: HEB will leverage GEP\u2019s AI-driven platform to manage sourcing, supplier management, and contract management on a single, integrated system[1]. This adoption of AI in procurement mirrors trends seen in other sectors, including solar panel manufacturing. Understanding the Manufacturing Machines used in solar panel production, for instance, can highlight similar needs for efficient sourcing and maintenance in different energy industries.
- Global Scope: While the initial deployment focuses on Brunei operations, the initiative is designed to support Hibiscus Petroleum\u2019s activities across Southeast Asia, the UK, and Australia\u2014regions where the company monetizes producing oilfields and enhances offshore asset value[1].
- Integration: The new system builds on GEP\u2019s existing relationship with Hibiscus Petroleum Berhad, which already uses GEP\u2019s sourcing module. This prior integration is expected to accelerate deployment in Brunei and ensure compatibility with existing enterprise resource planning (ERP) environments[1].
- Timeline: The AI procurement platform is scheduled to go live by late September 2025[1].
Strategic Impact of Hibiscus Petroleum AI procurement
By unifying procurement processes under an AI-powered platform, HEB aims to drive operational efficiency, reduce manual intervention, and extract greater value from its global supply chain. The move reflects a growing trend among energy companies to adopt advanced digital tools for managing complex, multinational operations. Such improvements can be crucial in supporting large-scale projects, such as the Brunei Solar Plant: 30MW Breakthrough Power Project.
Company Background: Hibiscus Petroleum
Hibiscus Petroleum Berhad is headquartered in Kuala Lumpur and operates as an oil & gas exploration and production company with a focus on maximizing returns from mature assets. Its subsidiary in Brunei plays a strategic role in the group\u2019s international portfolio.
This expansion underscores both the increasing importance of digital transformation in the energy sector and Hibiscus Petroleum\u2019s commitment to leveraging cutting-edge technology for competitive advantage on a global scale[1]. For those interested in learning more about the fundamentals that drive industries like Hibiscus Petroleum, consider taking our Free E-Course.
