CORE PETROLEUM

 

Core Petroleum LLC is a privately-held company formed in 2009, as a limited liability company in the Commonwealth of Virginia, USA. The company's principal office is located in the New York Metropolitan area. Core is a marketer of physical crude oil cargoes throughout the world. As part of its services, Core operates and manages on behalf of its clients ocean going vessels ranging from Panamax sized tankers to VLCC's.

Additionally, Core advises its clients in the use of a variety of risk management techniques to mitigate price and counterparty risks and exploit market dislocations. Finally, through an affiliate, Core is engaged in the development of energy infrastructure projects. Core's clients include a select group of energy traders, producers, refiners and sovereign oil companies.

 

 

CORE PETROLEUM

BUSINESS PRINCIPLES

 

 

Core's business strategy is based upon the following principles:

- Develop relations with key industry participants. Core management have developed long standing relationships with oil producers, refiners, sovereign oil companies and financial institutions based upon mutual trust and Core's dedication to providing comprehensive services to its customers in Core's geographical areas of expertise.

- Employ an integrated approach to trading, marketing, shipping and risk management. Core's trading, marketing, shipping and risk management staffs work as a unified team to achieve successful results for Core's clients.

- Exploit inherent market arbitrages. Core's integrated approach enables its customers to exploit inherent market arbitrages.

 

CORE PETROLEUM

Trading & Marketing

 

 

Core was established with a principal focus on trading crude oil originating from Latin America and Canada. Core's management are particularly experienced in the marketing of heavy and or sour grades of crude oil.

In addition, Core also markets US Domestic, West African, North Sea and Middle Eastern crude grades. Currently, Core transacts up to 300,000 bbls/day of crude oil. Sales are arranged with refiners located in Latin America, the US West & Gulf Coasts, Europe, and the Far East including China, Japan, South Korea and India.

 

CORE PETROLEUM

RISK MANAGEMENT

 

 

Core's underlying risk management philosophy is to minimize exposures to market price risk and to exploit market opportunities on a limited risk, hedged basis. Core advises its clients in the use of the entire spectrum of hedging tools and techniques to mitigate exposure to market price volatility including the use of commodity futures, options and OTC commodity derivatives. Further, Core's risk management expertise enables its clients to value and exploit market arbitrages and options in conjunction with their physical energy activities and shipping operations in order to maximize profitability.

In addition to market price risks, Core assists its clients in mitigating exposures to counterparty risks by arranging for the transfer of such risks to financial institutions including commercial banks and insurance companies.

Core maintains relations with first class, global commodity futures brokers, derivative market makers and financial institutions for the benefit of its clients.

 

CORE PETROLEUM

Shipping & Logistics

 

 

On behalf of its clients, Core currently operates and manages 25 to 30 spot and time charters for ocean going vessels ranging in size from Panamax tankers to VLCC's. Core's team of shipping professionals manage all aspects of logistics on an around-the-clock basis. They maintain relations with key ship brokers and ship owners to access the newest, most sophisticated shipping assets.

In addition to chartering and managing tankers on behalf of its clients, Core has developed ship to ship transfer capabilities as well as other unique solutions in key locations enabling its clients to minimize freight costs and maximize logistical arbitrages.

 

CORE PETROLEUM

CONTACT

 

15 Exchange Place, Suite 1110
Jersey City, NJ 07302, USA

tel +1 201 324 5288
fax +1 201 324 5299

info@corepetrol.com

 

William Sudhaus...............President & CEO
David Sudhaus...................Executive Vice President & COO
Natacha Lecompte..........Vice President, Finance
Philip Corriher....................Vice President, Corporate Development
Casey Dalcher....................Vice President, Shipping & Logistics
John Damiani......................Vice President, Controller
Adam Fisher........................Trading & Risk Management
Danridge Giltz....................Trading & Crude Oil Marketing
Ty Shimada.........................Trading & Crude Oil Marketing                                                      Keegan Boyle.....................Operations Manager
Matthew Rigby...................Operations                                                                                    Warren Hansen..................Shipping Analyst, Assistant Chartering
Thomas Izzo........................Demurrage Analyst, Risk Execution