Refining Economics - Refining, Blending and Products Quality
Course
In (Netherlands)
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Engineering Institute of Technology
Foundation degree OnlinePrice on request -
The Oxford Princeton Programme
Course Classroom-based£ 3,100 + VAT -
Petroedge Asia
Training Classroom-basedPrice on request -
Utility and Construction Training
Course BlendedPrice on request -
PetroSync Global Pte Ltd
Training Online£ 2,007 + VAT -
Frankfurt School of Finance & Management
Course Online£ 1,276 -
Sch. of the Built Environment and Engineering - U. of Bolton
Master OnlinePrice on request
Description
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Type
Course
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Duration
4 Days
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Start date
Different dates available
After completing this course you will: Have a thorough understanding of the factors that contribute to the marginal value of blendstocks and feedstocks. Understand how streams should be distributed to ensure the optimum economic operation of an oil refinery within the many constraints that affect production. Understand crude oils and other raw materials. Have an overview of the key refinery processes, and critical product qualities and blending methodology. Know the meaning and extent of the economic information that can be obtained from an LP solution. Suitable for: The programme is designed for anyone who is concerned with better understanding refinery economics, and will be especially valuable to: Analysts working in a Supply environment or a refinery Planning department. Engineers involved in troubleshooting and technical service work who need an economic perspective of process unit operation. Personnel from product marketing companies. LP modellers. Service and consulting companies will also find the program very helpful and informative.
Facilities
Location
Start date
Start date
Reviews
Subjects
- Outlook
- Quality Training
- Planning
- Materials
- Supply
- Economics
- Quality
- Oil and Gas
- Oil and Gas Engineering
Teachers and trainers (1)
John Metcalfe
Group Manager
John Metcalfe’s first career was with ExxonMobil for 33 years. He was involved in Planning & Scheduling and Configuration Studies for much of that time, at refinery, regional and corporate levels, and for the last 15 years had a global role specialising in Refinery Optimisation and Profitability. Then followed 5 years with UOP, during which time their Consulting business was grown into a significant presence in Europe, the Middle East and the FSU
Course programme
Course review:
The course aims to promote a better understanding of the key refinery business performance levers, and the techniques and tools used to optimise and improve business performance. It is intended for Supply and Refinery Business Analysts and Refinery technical support engineers with at least 1-2 years of refinery experience and some understanding of refinery operations and blending. Participants will improve their understanding of the principles of refinery optimisation, and how refinery raw materials, intermediate streams and products are produced, blended and valued.
PROGRAMME:
DAY I
- Introduction and Objectives
- Business Environment
- Macro Economic Outlook
- Historical Overview
- Demand Prospects
- Growth Outlook
- Margin Implications
- Product Specs. Outlook
- Crude Oil
- Quality Relationships
- Assays
- Cutting Tool Issues
- Crude Evaluation
- Refinery Configuration
- Best Practices
- Crude Evaluation Exercise
- What is an LP
- Introduction to Planning and Optimisation
DAY II
- Refinery Process Schemes
- Products and Blending
Blending review
Critical Qualities
Fuel Oil Blending
Optimum Blend
Cost of Correction
- Value of Blend Correctors
- Marginal Economics
Stream Valuation
Cost of Marginal Quality
Value of Alternate Dispositions
Valuation Exercise
- Process Economics (CCR)
Unit Economics
Effect by Severity
By-product Value
DAY III
- Refinery Configuration
Cracking
Conversion
- Planning Process
Long/Short Range
Strategic/Investment
Forecasting
Operations Planning
Business Best Practices
Monthly/Rolling Plans
Target Setting
- Using LP for a Real
- Problem
Overheads Fouling Exercise
- Investment Planning
NPV, IRR, DCF
Risk Analysis
DAY IV
Technical visits:
- Port of Rotterdam
- Oil Terminal Vopak
- Inspectorate Rotterdam Laboratory
Refining Economics - Refining, Blending and Products Quality
-
Engineering Institute of Technology
Foundation degree OnlinePrice on request -
The Oxford Princeton Programme
Course Classroom-based£ 3,100 + VAT -
Petroedge Asia
Training Classroom-basedPrice on request -
Utility and Construction Training
Course BlendedPrice on request -
PetroSync Global Pte Ltd
Training Online£ 2,007 + VAT -
Frankfurt School of Finance & Management
Course Online£ 1,276 -
Sch. of the Built Environment and Engineering - U. of Bolton
Master OnlinePrice on request