Petronas Canada selects GEP procurement software

Petronas Canada, the Canadian subsidiary of state-owned Malaysian oil and gas company Petronas, has selected GEP Smart procurement software to optimize its source-to-order process.

Petronas Canada has more than 300 employees and is one of the largest natural gas resource owners in the country, with more than 800,000 gross acres of mineral rights with 53 trillion cubic feet of reserves and contingent resources. The firm’s operating base is within the North Montney basin in northeast British Columbia, north of Fort St. John.

Petronas Canada is currently examining the feasibility of building a $1.3 billion petrochemical plant in central Alberta for the purpose of exporting hydrogen to Asian markets. The potential facility would produce ammonia that would then be split into nitrogen and hydrogen at end markets in Asia for use as fuel.

The Canadian firm’s parent company is Petronas, which has more than 47,000 employees globally and is one of the largest oil and gas companies in the world.

Petronas Canada will now use GEP Smart software to support elements of its source-to-order process, which involves finding, negotiating, and contracting with suppliers of goods. The GEP Smart platform will help the company drive efficiencies in procurement with greater agility, visibility, and actionable intelligence. It is built on Microsoft Azure and can integrate with systems such as SAP, Oracle, and other major ERP platforms.

Based in Clark, New Jersey, GEP also provides supply chain and procurement-focused managed services and consulting. Its consulting offering includes supply chain strategy and optimization, digital procurement transformation, supply risk management, and M&A services.

The firm has a Canadian office in Toronto and more than 5,000 people across offices in the Americas, Europe, Africa, and Asia-Pacific.

GEP works with Fortune 500 and Global 2000 enterprises worldwide, with clients including Kellogg’s, Honda, Chevron, Husqvarna, and McCarthy.