Oil and gas giant, Brunei Shell Petroleum selects SMART by GEP to improve its procurement efficiency and performance.
Leading provider of procurement software and procurement services worldwide – GEP – has been selected by Brunei Shell Petroleum Company Sdn Bhd (BSP) for its ‘SMART’ unified procurement software platform.
GEP’s comprehensive ‘SMART’ solution includes: spend analysis, sourcing, contract management, supplier management, procure-to-pay, savings project management and savings tracking, invoicing and more.
What does this mean for Brunei Shell Petroleum?
The ‘SMART’ platform will manage the company’s complete source-to-pay across its subsidiary operations. Its functions will include: spend analysis, savings tracking, sourcing, contract and supplier management, purchasing and invoice handling. Overall, the platform will improve BSP’s direct and indirect procurement efficiency and performance.
Did you know? SMART by GEP won Best Procurement Technology at the World Procurement Awards in 2019, as well as being named a leader in Gartner’s 2019 Magic Quadrant.
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Who is Brunei Shell Petroleum Company Sdn Bhd (BSP)?
Brunei Shell Petroleum Company Sdn Bhd (BSP)’s operational focus is primarily for the exploration and production of crude oil and natural gas, from on and offshore fields.
BSP in facts and figures:
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350,000 barrels of oil and gas equivalent are supplied daily to multiple countries such as Japan, KOrea, Indonesia, Australia and more
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BSP has over 200 offshore structures that are linked by over 5,000km of pipelines
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Oil and gas is recovered from over 4,500 individual reservoirs produced through more than 800 wells
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3,500 staff (local and international), plus a further 8,000 contractors’ staff
The Government of His Majesty, the Sultan and Yang Di-Pertuan Negara Brunei Darussalam and the Asiatic Petroleum Company limited are equal shareholders.
Did you know? BSP also owns the Brunei Refinery.
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