Course objective

• 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

Course outline

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 and 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 and Vacuum Unit Distillation
• Product enhancement:
• Hydro treating,
• 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 heat integration works?
• Introduction to Pinch Technology
• Heat availability Curves and Energy Targeting
• Equipment Efficiency; Effective Energy Management
• Fired heaters
• Rotating equipment
• Heat Exchangers
• Energy Focused Organisation
• Course review and close

Who should attend?

• Refining Oil & Gas Field Engineers
• Process plant energy managers/coordinators
• All professionals involved in Production, Planning and Scheduling
• Blending professionals
• Financial Analysts