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Effective Risk Management in Tesoro Corporation: Vetting Process Overview

Learn about Tesoro Corporation's vessel vetting process, highlighting the importance of risk management when handling oil tankers. Discover the strategies and criteria used to ensure safety and efficiency in operations.

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Effective Risk Management in Tesoro Corporation: Vetting Process Overview

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  1. Effective Risk ManagementINTERTANKO Tokyo May 15, 2009 Charles W. ParksVice President - Marine Tesoro Corporation

  2. The Tesoro System • Kenai, Alaska • 72 mbpd • Key product: Jet • Tesoro System Highlights • 7 Refineries • 664 mbpd total crude capacity • Retail network of over 870 sites • 5,600 Employees • Martinez, Ca • 166 mbpd • Key products: CARB Gasoline & CARB Diesel • Anacortes, Wa • 120 mbpd • Key product: Gasoline • Mandan, ND • 58 mbpd • Key products: Gasoline & Diesel • Salt Lake City, Utah • 58 mbpd • Key products: Gasoline & Diesel • Los Angeles, Ca • 97 mbpd • Key products: CARB Gasoline & CARB Diesel Calgary Office Auburn Office • Kapolei, Hawaii • 93 mbpd • Key product: Jet Long Beach Office Corporate Office RETAIL BRANDS Singapore Office

  3. Tesoro Today

  4. Tesoro Marine – 2008 Statistics • # of cargo transfers 4,400 • Total barrels moved 315 million • Vessels vetted 740 • Rejection rate 4.1% • Poor SIRE reports • Past experience with vessel/owner • Inadequate mooring system • Spills 3 • Volume spilled Trace

  5. Tesoro Time Chartered Fleet • 2 – Suezmax • 3 – Aframax • 5 – MR’s • 10 – Barges (U.S. West Coast & Hawaii) - All are double hull -

  6. Vetting Importance • Protection of people • Protection of the environment • Financial exposure • Business disruption • Our relationship with stakeholders • Our reputation as a publicly owned company • In Alaska we are the oil spill plan holder

  7. Vetting Importance • We don’t think we know how to operate your tankers better than you do, BUT, • Not all tankers are the same • Not all crews are the same • Not all operators/managers are the same • Not all owners are the same

  8. Vetting Infrastructure • Two tiered vetting system • Corporate level • Local level • Experienced mariners • Captain Tim Plummer – Head of Operations & Vetting • Vetting Superintendent based at Tesoro headquarters (Captain Debra Cobb) • Tesoro Marine Superintendent at each waterborne refinery location • Tesoro Assessment & Ship Clearance (TASC) system • Centralized data capture • Links to SIRE, Q88, LMIU, industry databases • Vessel performance feedback • OCIMF member and SIRE submitting participant

  9. Vetting Process • Vetting requests are submitted in TASC • Detailed review of: • Tesoro Vessel Questionnaire - owners submit questionnaires via Q-88 (www.Q88.com) • Lloyd’s MIU • SIRE • U.S. Coast Guard PSIX • Equasis & Tokyo MOU • Internal Facility Feedback & Facility specific acceptability • Draft, mooring, KTM, DWT, LOA, Beam, etc.

  10. Vetting Process • Facility specific recommendation is made to approve or reject • Final determination to approve or reject is made and sent to requestor

  11. General Criteria • Key criteria in Tesoro system • Hawaii SPM (official dwt, BMA, draft) • Alaska (draft, cargo volume, mooring) • Puget Sound (dwt) • San Francisco (draft, KTM)

  12. Summary “We really don’t think we know how to operate your tankers better than you do, but we have a lot on the line as well.”

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