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.

Pricing

Location

Amsterdam, The Netherlands

Dates

TBD

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).

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

Course name:Refinery & Supply Economics

Course date:TBD

Delegate Details

Prefixes

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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.

Agree

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.