45, TOS Benson crescent, Utako, Abuja
The Challenge
The upstream oil and gas sector operates with fragmented inventory systems, manual processes, and no real-time visibility. These challenges cause audit delays, material misuse, and capital being tied up in idle or obsolete assets. Without digital oversight, forecasting is inaccurate, leading to overstocking and inflated operating costs. Procurement remains reactive, with long lead times and increased operational risk.
Our Solution
Matex – Material Exchange Platform digitizes and centralizes materials management, offering end-to-end visibility and control. It captures the entire asset lifecycle—from acquisition to disposal—while integrating seamlessly with ERP systems. The platform automates surplus disposal through trusted auction platforms, eliminating delays and revenue leakage. Matex replaces siloed operations with streamlined, data-driven processes.
The Result
Matex provides live visibility into inventory, enabling quick, informed decisions and clear accountability across operations. Audit and disposal timelines are reduced from weeks to real-time, while capital tied up in non-productive assets is recovered through traceable divestments. The platform drives down operational and storage costs, contributing to a measurable reduction in unit operating costs. It also sets a new benchmark for digital inventory governance in the industry
Real-time tracking of all items, including location, condition, and quantity.
A marketplace for companies to exchange materials, Purchase or sell off materials
A system to manage the borrowing and returning of materials between companies
Disposal of items via a built-in auction system, allowing companies to bid on surplus or obsolete materials.
Detailed reports on inventory levels, transactions, and trends.
