Planning and Economics of Refinery Operations

5.0
2 opinions
  • 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.
    |

In London

£ 3,960 VAT inc.

Description

  • Typology

    Training

  • Level

    Intermediate

  • Location

    London

  • Duration

    4 Days

  • Start

    Different dates available

Description

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

Starts

London
See map
61 New Cavendish Street, W1G 7AR

Starts

Different dates availableNow taking bookings

To take into account

• 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

Questions & Answers

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Opinions

5.0
  • 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.
    |
100%
5.0
excellent

Course rating

Recommended

Centre rating

P. Franklin

5.0
11/12/2017
What I would highlight: The EI provides a good interaction of ideas during the training experience with experienced and knowledgeable trainers - training from the horses mouth.
What could be improved: .
Would you recommend this course?: Yes

Louise Kingham Teacher

5.0
01/01/2017
What I would highlight: This course is great to learn important knowledge and essential skills from the refining industry.
What could be improved: .
Would you recommend this course?: Yes
Reviews gathered by Emagister & iAgora

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

£ 3,960 VAT inc.