Planning and Economics of Refinery Operations
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The EI provides a good interaction of ideas during the training experience with experienced and knowledgeable trainers - training from the horses mouth.
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This course is great to learn important knowledge and essential skills from the refining industry.
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Training
In London
Take a step towards success with Energy Institute!
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Type
Training
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Level
Intermediate
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Location
London
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Duration
4 Days
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Start date
Different dates available
This intensive, four-day course will enable delegates to understand the essential elements of refinery operations and investment economics, to review the various parameters which affect refinery profitability and to develop a working knowledge of the management tools used in the refining industry.
Ask for more information through emagister.co.uk and benefit from this course!
Facilities
Location
Start date
Start date
About this course
• How to assess the latest trends in product specifications, process unit yields and refining schemes
• How to calculate product value, refinery margins and process unit margins
• How costs and margins compare
• How to simulate refinery operations and product blending
• How to optimise refinery operations, crude oil selection and product manufacturing
• How to analyse marginal costs from the optimisation of an LP model
• How to schedule refinery operations from the monthly plan to daily operations
• How to evaluate the profitability of a new process unit.
Technical, operating and engineering personnel working in the refining industry
• Analysts and planners
• Trading and commercial specialists
Reviews
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The EI provides a good interaction of ideas during the training experience with experienced and knowledgeable trainers - training from the horses mouth.
← | →
-
This course is great to learn important knowledge and essential skills from the refining industry.
← | →
Course rating
Recommended
Centre rating
P. Franklin
Louise Kingham Teacher
Subjects
- Investment
- Economics
- Oil and Gas
- Petroleum Engineering
- Simulation
- Planning
- Industry
- Petrochemical
- Petroleum
- Petroleum Refining Engineering
- Costs
- Economic Evaluation
- Refinery margins
- Technical resumé
- Refinery operations
Course programme
Technical resumé
• Review of petroleum products’ applications, characteristics and specifications
• Main refining process units.
• Refining schemes
• Basic economics of the various process units
Refinery margins and costs
• Crude oil, product markets and prices
• Analysis of refining costs
• The calculation of refining margins
• How refining margins have developed
Refinery simulation
• Simulation of product manufacturing using spread- sheets
• Analysis of the main constraints affecting product manufacturing
Present situation of the refining indusry
• The development of refining capacities, product demand, different refining schemes and conversion plants
Optimisation of refinery operations
• Basics of Linear Programming (LP)
• The ‘Simplex’ method. Simplified example of refinery modelisation
• Analysis of an LP solution: material balance, marginal costs, opportunity costs, incentives to construction
• Sensitivity analysis
Construction of a new process unit
• Economic evaluation
• Basics of profitability analysis
• Case study: construction of a new isomerization unit
– simulation of material balance
– cash flow calculation
– investment and cost
– Internal Rate of Return calculation
Scheduling of refinery operations
• Review of scheduling problems
• Control of results and practical application in a refinery
How to improve refinery profitability
• Future of the refining industry. Forecast development of oil consumption
• Environmental constraints. Impact on refining economics
• How to schedule refinery operations from the monthly plan to daily operations
• How to evaluate the profitability of a new process unit
Planning and Economics of Refinery Operations