Oil Refinery Cost Management Training
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Oil Refinery Cost Management Training Course
Introduction:
Cost management involves the systematic planning and control of project or business budgets. It is a crucial aspect not only in general project management but also in refinery management systems. Effective cost management plays a significant role in refinery production processes, as it serves as an indicator of the efficiency of production planning and scheduling.
Course Objectives:
By the end of the course, participants will be able to:
· Determine by various techniques the cost of individual streams in the refinery and individual processes
· Use these costs to calculate the enhancement potential for blending lower cost, on-specification products
· Optimize refinery utility systems such as cooling water, steam and power generation
· Apply energy saving techniques to develop energy-saving projects
· Enhance the production planning activities of the refinery via cost management
Who Should Attend?
Personnel who should attend are:
- Refining Oil & Gas Field Engineers
- Process Plant Energy Managers / Coordinators
- All Professionals involved in Production, Planning, and Scheduling
- Blending Professionals
- Financial Analysts
Course Outlines:
Overview of Cost Management
- Introduction to Cost Management
- Resource Planning
- Cost Estimating
- Cost Budgeting
- Cost Control
- Energy and its Effect on Refinery Profitability
- Refinery Material & Energy Balance
- Energy Benchmarking
- Fuel, Power and Steam Costing Methodology
Crude Oil Refining
- Types of Refinery
- Key Process Units
- Refinery & Process Utilization
- Global Refining Situation
- Refining Costs
- Refining Investment
- Size and Complexity
- Location and Logistics
- Maintenance Costs
Refinery Process Unit Operational Costs
- Physical Separation: Crude & Vacuum Unit Distillation
- Product Enhancement
- Hydrotreating
- Catalytic Reforming
- Fluid Catalytic Cracking
- Hydrocracking
- Bottom of the Barrel Upgrading
- Process Simulations
- Advanced Process Control and its Benefits
- Blending for Product Specifications
- Blending to Reduce Product Costs
Economic Evaluation and Cost Management
- Cost Estimation
- Refinery Complexity and Netback
- The Gross Refining Margin
- The Net Refining Margin
- Factors that Influence Margins
- Margins According to Region
- Refinery Utility System
- Steam and Power System Optimization
- Energy Efficiency: The Effect of Energy on Refinery Profitability
- Quantification of Fuel Loss, Oil Accounting
Process Heat Integration & Equipment Efficiency: Effective Energy Management
- Process Heat Integration
- How does heat integration work?
- Introduction to Pinch Technology
- Heat Availability Curves and Energy Targeting
- Equipment Efficiency: Effective Energy Management
- Fired Heaters
- Rotating Equipment
- Heat Exchangers
- Energy Focused Organization