OILspace Wins Contract From Global Energy Trading Firm Masefield
Masefield Implements Energy Trading, Risk & Operations System: AspectETRM

London, April 2, 2007

OILspace, www.oilspace.com, a leading provider of real-time, on-demand energy supply chain, risk, and trade management applications announced that global energy trading firm, Masefield has selected ASPectETRM to help manage the trading, risk and financial operations of the company.

Headquartered in Zug, Switzerland, Masefield is a specialized energy trading company with business in crude oil, condensates, oil products trading, oil futures, price risk management, and associated services. Its offices span the globe with presence in key cities such as Houston, London, Calgary, Dubai, Singapore, Johannesburg and Sydney.

“We chose OILspace because of their leading technology and ability to deliver to us a complete global business solution,” says Kevin Norville, Masefield CFO. “Their applications are flexible and modular which allows us to rapidly deploy the applications in the order which best fits our business needs. Further integration of their supply chain applications includes Trade Finance and Inventory Management, key criteria in our choice of OILspace.”

OILspace’s AspectETRM system is a robust suite of several component applications that together create a powerful system for today's energy traders, risk managers, operations staff and back-office personnel. Its components: trade, risk, and financial operations management, are individually and as a group designed for large fuel consumers, and companies with physical and financial trading operations. This suite can also integrate with OILspace’s Supply Chain Management (SCM) system specifically built for more complex physical trades and managing inventory and movement of product, against changing positions. It’s adaptive to existing IT environments and is web-based for easy access for users spread out across the globe. Click here for more information about ASPect Office or email moreinfo@oilspace.com.

Amir Kazmi, OILspace SVP Global Sales stated, “We’re pleased to have Masefield as a new client. The full solution will enable corporate performance management across the enterprise by bridging gaps and connecting departments, integrating data, enhancing planning, expanding intelligence and producing a continuous real-time and historical financial picture. It will incorporate front office, back office, logistics and inventory management, and the required workflows into a single solution. It will provide management with a complete financial picture of the business and the tools to measure, manage, monitor and improve its operations.”

Consultant commodities trading and risk management specialist Isabel Whitley helped Masefield evaluate more than ten alternative systems: "OILspace underwent rigorous examination," she said. "Their solution achieves efficiencies quickly with minimal IT investment, and we believe Masefield will recoup the cost of the system rapidly because risks and new opportunities will become highly visible. ”

About Global Energy Trading Firm Masefield
The Masefield Group is engaged in the business of energy trading and has global market coverage through its network of offices around the world. The Group is headquartered in Zug, Switzerland and through its staff, agents and associates the Company is capable of managing, in-house, every aspect of trading from negotiation, structured financing and risk management to the physical movement of cargoes, storage and distribution. The Group currently engages in trade in its own right as a principal and also in joint venture collaborations with strategic partners.

ABOUT OILSPACE
OILspace is a leading global provider of real-time on-demand, web-based applications for energy marketing and supply operations. Launched in 1999, OILspace solutions now run through over 500 companies of all sizes and roles within the energy supply chain. OILspace has a proven track record for delivering scalable solutions that produce measurable returns-on-investment (ROI) in less time than its competitors. Other OILspace applications include: OILwatch, a real-time and historical online portal of energy news, futures, spot prices and analysis from leading industry sources with decision support tools for energy traders, suppliers and other professionals; and Aspect TradeFlo, a simple trade capture and position keeping application for small trading and brokerage firms.

Contacts:

OILspace US/ Canada
Brigette Gebhard
bgebhard@oilspace.com
+1 732 797 0046

OILspace EMEA PR Agency
Sage Partnership
info@sagepartnership.com
+44 1189 344007

OILspace Asia-PAC
Kishor Sujanani
ksujanani@oilspace.com
+86 21 6122 1075