In today’s modern refining environment, the use of innovative cost management practices that can accurately allocate refined intermediate and product manufacturing costs, may assist refiners to optimize their production, improve their profitability and competitiveness.
Cost management is concerned with the process of planning and controlling the budget of a project or business. Cost management can also be applicable to refinery management systems and it can be a very important part of the refinery production processes. It must be appreciated however, that production costs are a synthetic index that can reflect the effectiveness of production planning and scheduling. How to successfully control and manage production costs is a complex set of issues for refineries, but it can be used to monitor and control refinery unit performance.
This Energy Training Centre training course on Oil Refinery Cost Management will assist in creating cost structures for refinery process units and assist in allocating costs to individual refinery intermediates and finished on-specification products. Important aspect of process plant optimization is related to system energy management and energy consumption reduction. Furthermore, process monitoring that includes advanced controls and new technologies also present opportunities for refinery optimization. Additional opportunities can include Crude Unit Utilization with opportunity crudes of lower quality and price.
This Energy Training Centre training course will assist in examining individual process equipment such as atmospheric and vacuum distillation equipment, catalytic and thermal processes, heaters, furnaces and steam boilers, heat exchanger integration, rotating equipment efficiency including pumps and compressors. Oil refinery cost management will provide a comprehensive review of the various aspects of refining cost management, which is the cornerstone for a viable plant profitability and optimization.
By the end of this Energy Training Centre training course, participants will be equipped with the knowledge to conduct the following activities in their refineries:
Oil Refinery Cost Management is a hands-on, stimulating learning experience. This Energy Training Centre training course on Oil Refinery Cost Management will be highly interactive, with opportunities to advance one’s opinions and ideas. Participation is encouraged in a supportive environment.
To ensure the concepts introduced during this Energy Training Centre training course are understood, they will be reinforced through a mix of learning methods, including lecture style presentations, open discussions, case studies, and short videos. Hands-on computer software and simulations will be provided to illustrate the application of costing and cost management. The case studies provided for group work will be re-enforced with practical exercises in excel and there will be ample opportunities for discussion and sharing of experiences.
In sending delegates to this Energy Training Centre training course, the organization will gain the following benefits:
In attending this Energy Training Centre training course, individual delegates will gain the following benefits:
This Energy Training Centre training course on Oil Refinery Cost Management is designed to provide technical and practical approaches to executing a petroleum refinery related cost management.
This Energy Training Centre training course is suitable to a wide range of professionals but will greatly benefit:
DAY ONE: OVERVIEW OF COST MANAGEMENT
DAY TWO: CRUDE OIL REFINING
DAY THREE: REFINERY PROCESS UNIT OPERATIONAL COSTS
DAY FOUR: ECONOMIC EVALUATION AND COST MANAGEMENT
DAY FIVE: PROCESS HEAT INTEGRATION & EQUIPMENT EFFICIENCY: EFFECTIVE ENERGY MANAGEMENT
The Energy Training Centre Certificate of Completion will be given to the participants who
attended and completed the training course.
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