Operating in an industry plagued by intense competition, complex challenges and uncertainties, Ocean Energy places great emphasis on managing our risks effectively, while ensuring that internal control procedures are in place for proper accountability and corporate governance.
Our risk management team diligently mitigates different types of risks in our trading processes, operations and decision-making so as to prevent economic loss and adverse reputational impact. At the same time, we develop clear policies and rigorous control activities that adhere to compliance and regulatory requirements.
In a business environment where market volatility and price fluctuations are common, it is important to measure and mitigate our exposure to counterparty risks. With assessment methodologies and systems in place, we are able to evaluate and respond accordingly to market conditions, as well as reduce our risks from credit deteriorations and defaults, and any impact they may have on our company’s cash flow and liquidity, as well as delivery commitments.
Our risk management team diligently mitigates different types of risks in our trading processes, operations and decision-making so as to prevent economic loss and adverse reputational impact.
We manage risks that arise from hedging strategies – including those that involve different products or the same product of different quality – as well as the safety of storing and transporting oil products. While monitoring risks associated with different product types, we also safeguard our needs for profitability and business continuity.
We use the appropriate risk frameworks to conscientiously manage risks and opportunities in line with our trading strategies and risk appetite – from professional hedging to mitigate price fluctuations, to ensuring security and reliability in transactions and payments.