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Petrogenium.

Refinery & Supply Economics

Consultant/Trainer: Danny Peferoen

The Petrogenium Refinery Economics course will provide insight into many aspects of operating the modern refinery as a business, including technical information on refining processes, crude oils and processing options, the place of the refinery in the value chain, refinery cost structure and management, optimization and profit margin, energy and oil loss reduction, management tools and techniques used for economic evaluations in refineries and future trends.
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Pricing

€3525

Location

Amsterdam, The Netherlands

Dates

8-10 April 2025

About the Trainer

Danny is a passionate world-class expert with 35 years international experience in Crude Oil, Refinery Planning and Masterplanning, Process Modelling, LP Modelling and Optimization Best Practices. He started his career in the Netherlands at Shell R&D working on producing liquid fuels from biomass, later moving into R&D of refinery processes.

Peter developed a passion for applying mathematics for solving business economic problems during his study Applied Mathematics at the Technical University of Eindhoven. In his 40+ years professional career, Peter’s focus has always been on improving the margins of oil companies by optimizing their hydrocarbon supply chain. In his career, Peter participated in and led Supply Chain improvement projects in over 35 countries globally.

Participants

This Petrogenium course can be tailored for awareness/inexperienced staff, for intermediate and for experienced personnel. Furthermore the course can be customized for a specific refinery, plant or unit. The option for post-course consultancy/help-desk support is also available.

Participants may include: all refinery technical personnel; operations’ process engineers and process managers; technical services engineers and managers; refinery planners; newly-hired refinery personnel and current semi-technical personnel who require introductory training to acquire the broader perspective; non-refinery professionals in the Oil & Gas industry or related sectors.

Learning Objectives

State the role of the main refining processes, refinery configurations, operating characteristics, crude choice, processing options and desired products, crude and products quality parameters, refinery economics and planning; costing & valuation; trading; petrochemicals; methodology of optimization & product improvement; apply analytical tools to refinery management; supply chain; economic drivers; explain the challenges, opportunities and future trends in the refining industry.

This course includes presentations, simulations, trading game, exercises, interactive sessions (participants can propose relevant topics upfront to discuss in class).
Day 1
Safety & Introductions
  • Welcome, safety, arrangement
  • Introduction of participants
  • Programme & course objectives
Refinery configurations
Costing and Valuation: YES
Costing and Valuation: Marginal costing
  • Valuation of Furfural Extract
Costing and Valuation: Refinery Fuels
  • Valuation of Refinery Fuel
Margin optimisation: Crude valuation
  • Crude valuation
  • Crude processing deal

Day 2
Cost of Critical Gasoil spec (simulation)
Cost of Critical Gasoil spec (LP)
Margin optimisation: Linear Programming
  • Analysis of a Refinery programme
  • Trading game
Investment economics

Day 3
Chemical investment group exercise
Supply chain planning & execution
  • Implementing economic drivers
Course review & close out

Alternative Programme


Day 1 (4 h)
Introductions
  • Welcome, safety, arrangement
  • Introduction of participants
  • Programme & course objectives
Refinery configurations
Costing and Valuation: YES

Day 2 (4 h)
Costing and Valuation: Marginal costing
  • Valuation of Furfural Extract
Costing and Valuation: Refinery Fuels
  • Valuation of Refinery Fuel
Margin optimisation: Crude valuation
  • Crude valuation
  • Crude processing deal

Day 3 (4 h)
Margin optimisation: Linear Programming
  • Cost of Critical Gasoil spec (simulation)
  • Cost of Critical Gasoil spec (LP)

Day 4 (4 h)
Margin optimisation: Linear Programming
  • Analysis of a Refinery programme
  • Trading game

Day 5 (4 h)
Investment economics
Chemical investment group exercise
Supply chain planning & execution
  • Implementing economic drivers
Course review & close out

Programme

Day 1
Safety & Introductions
  • Welcome, safety, arrangement
  • Introduction of participants
  • Programme & course objectives
Refinery configurations
Costing and Valuation: YES
Costing and Valuation: Marginal costing
  • Valuation of Furfural Extract
Costing and Valuation: Refinery Fuels
  • Valuation of Refinery Fuel
Margin optimisation: Crude valuation
  • Crude valuation
  • Crude processing deal

Day 2
Cost of Critical Gasoil spec (simulation)
Cost of Critical Gasoil spec (LP)
Margin optimisation: Linear Programming
  • Analysis of a Refinery programme
  • Trading game
Investment economics

Day 3
Chemical investment group exercise
Supply chain planning & execution
  • Implementing economic drivers
Course review & close out

Alternative Programme


Day 1 (4 h)
Introductions
  • Welcome, safety, arrangement
  • Introduction of participants
  • Programme & course objectives
Refinery configurations
Costing and Valuation: YES

Day 2 (4 h)
Costing and Valuation: Marginal costing
  • Valuation of Furfural Extract
Costing and Valuation: Refinery Fuels
  • Valuation of Refinery Fuel
Margin optimisation: Crude valuation
  • Crude valuation
  • Crude processing deal

Day 3 (4 h)
Margin optimisation: Linear Programming
  • Cost of Critical Gasoil spec (simulation)
  • Cost of Critical Gasoil spec (LP)

Day 4 (4 h)
Margin optimisation: Linear Programming
  • Analysis of a Refinery programme
  • Trading game

Day 5 (4 h)
Investment economics
Chemical investment group exercise
Supply chain planning & execution
  • Implementing economic drivers
Course review & close out

REGISTRATION

Course name:Refinery & Supply Economics
Course date:8-10 April 2025
Delegate Details
Cancellations & Substitutions:

If you are unable to attend the course you can make a substitution. All substitutions and name changes must be received in writing by mail or e-mail no later than one week before the first course date. For cancellations received in writing after the course fee is paid and no later than 21 days before the course start date, Petrogenium will issue a credit note to be considered as a down payment for any Petrogenium courses during next 12 months. For cancellations received after 21 days before the course start date, the course material will be sent but no fees will be refunded.
Programme Changes:

The course content may be subject to changes due to unforeseen circumstances. Petrogenium reserves the right to change the venue and/or lecturers, and to cancel the course, notifying the registrant 30 days before the first course date. Petrogenium accepts no responsibility for any loss or damage to property belonging to, nor for any personal injury incurred by, attendees at our training courses, whether within the training course venue or otherwise.
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