Oil Refinery Cost Management

An Interactive 5 - Day Training Course

Oil Refinery Cost Management

Effective Energy Management

Classroom Dates
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15 - 19 Jul 2024
Dubai
$5,950
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14 - 18 Oct 2024
Dubai
$5,950
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09 - 13 Dec 2024
Cairo
$5,950
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03 - 07 Feb 2025
London
$5,950
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24 - 28 Mar 2025
Istanbul
$5,950
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08 - 12 Dec 2025
Cairo
$5,950
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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:

  • 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

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:

  • Improved creation of cost structures for refinery process unit production planning and scheduling
  • Greater commitment to the process of planning and controlling costs and budgets
  • More rapid reaction to changes in the business environment
  • Closer alignment of strategic and operational goals
  • More cohesive system energy management
  • Improved planning and scheduling approach with sustainable plant profitability and optimization

In attending this Energy Training Centre training course, individual delegates will gain the following benefits:

  • Practical ideas for developing and allocating cost structures for refinery process unit
  • Enhanced competency in making a more effective contribution to strategic and operational planning
  • Up-to-date understanding of main trends in refinery margins
  • Greater confidence in dealing with strategic and operational risk
  • Familiarization with state-of-the-art spreadsheets for cost management
  • Improved ability in appreciating that production costs are a synthetic index that directly affects the bottom line

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:

  • Refining Oil & Gas Field Engineers
  • Process Plant Energy Managers / Coordinators
  • All Professionals involved in Production, Planning and Scheduling
  • Blending Professionals
  • Financial Analysts

DAY ONE: 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

DAY TWO: 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

DAY THREE: 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

DAY FOUR: 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

DAY FIVE: 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

We offer two main training formats to cater to different preferences and needs: 

  • Classroom Training Delivery – Our traditional classroom-based training courses provide a face-to-face learning experience with subject matter experts. You’ll benefit form in-person interactions, hands-on exercises, and a structured classroom environment.
  • Online Training Delivery – We also offer convenient live/online training courses that you can access from anywhere with a stable internet connection. These courses provided flexibility and allow you to learn anywhere, making them suitable for busy schedules or remote learning.

Yes, we do. We provide tailored training courses designed to meet the specific requirement of larger group of individuals. These customized training courses can be conducted both classroom and online formats, allowing you the flexibility to choose you preferred dates and duration.

Please contact us at inhouse@energytraining.ae to discuss your group’s training needs, and we’ll work with you to create a personalized training course that aligns with your objectives.

We value transparency and are happy to provide our instructor’s profiles upon request. If you would like to learn more about our instructor’s’ qualifications, expertise, and experiences, please email us at info@energytraining.ae.

We have multiple international training venues. You may find this through our website link: https://energytraining.ae/training-locations 

Our training courses are held at our partnered hotels within the city included within our training

The Energy Training Centre Certificate of Completion with corresponding learning hours who has successfully completed the training course.

Yes, we provide assistance by issuing a Letter of Invitation stating that you are confirmed to attend our training.

Yes, here are the following options we can offer to assist you:

  • Corporate Discount – We can extend our corporate discount to participants staying at the same hotel, if we have any. Please enquire about the availability of this discount when you register for the training course.
  • Nearby Hotel Suggestions – If you prefer other accommodations, we can provide a list of nearby hotels to suit your needs and budget.

Feel free to go through hotel booking platforms on the internet to find the most cost-effective for you.

No, we do not provide job placement services after the training course. However, we are confident that our training course equips you with the necessary tools and knowledge to enhance you career prospects and promote career growth. Our training course are designed to empower you with valuable skills and expertise to excel in your chosen field.

Classroom
  • Tuition fee for a 5-day training course
  • Provision of a world-class subject matter expert to deliver this training
  • Meeting at a hotel venue corresponding to your chosen session
  • Welcome food and drinks, AM / PM snack, and Lunch
  • Digital course materials (e-Tablet)
  • Course completion certificates
  • Designing and administration of Pre-& Post Course Assessments
  • Preparation of participant’s Performance and Appraisal Report, if required
  • Issuance of Letter of Invitation for delegates needed visa processing, if required
Online
  • Tuition fee for a 5-day online training course
  • Provision of a world-class subject matter expert to deliver this training through live/virtual delivery
  • An electronic copy of the training manual and relevant hand-outs
  • Issuance of The Energy Training Centre e-Certificate of Completion
  • Administration of Pre-& Post Workshop Assessments
  • Link access of online platform acceptable to both parties

Certainly, we do provide corporate rates tailored for organizations seeking to enrol multiple employees in our training programs. To facilitate this, we encourage you to make a formal request via email addressed to info@energytraining.ae. We’ll be delighted to discuss and offer a suitable arrangement for your corporate needs.

Yes, special discounts are available upon request if you have more than one registrant for a course. For further information please email us at info@energytraining.ae

We offer two convenient payment options:

  • Bank Transfer – You can make payment via bank transfer. Once your registration is confirmed, you will receive an invoice with the banking details for the transfer. We would require you to supply a swift copy for us to confirm receipt of funds.
  • Payment Link – Alternatively, we provide a secure payment link that you can use to complete your payment after your registration has been confirmed.

Upon receipt of your registration details sent via email at reg@energytraining.ae, we will send you the following by e-mail within 24-48 hours of registration.

  • Joining Instructions
  • Invoice/receipt (where appropriate)

 If you register online, you will receive an e-mail on the same day confirming your registration.

There are two convenient options to register for a training course:

  • Online Registration Form – Register for your desired training course by completing the online registration form available on our website. Simple click on the registration button or select your preferred dates and provide the requested information.
  • Email Registration – You can email us your intention to register at info@energytraining.ae. Our team will guide you through the registration process and provide assistance you may need.

Yes, we do allow registration transfers in the event that you are unable to attend the training course. To initiate a transfer, please send us an official email requesting the change. We’ll guide you through the transfer process and ensure a smooth transition of your registration to another eligible participant.

Our training course sessions are scheduled and posted on our website for your convenience. However, we understand that there may be specific requirement for your group. If you have a preferred venue and specific training dates in mind, please feel free to propose them to us by clicking on the button “Propose you preferred location & date” of your preferred training course.

Our course timings slightly vary between the cities we offer our training courses. Please let us know of your preferred course and session (dates/venue) through email at info@energytraining.ae. Alternatively, you may call/WhatsApp us at +971 50 746 0956.

We understand that time zones may be different between our Senior Consultants and our delegates. Our standard online course timings (11:00 AM to 4:00 PM, GMT+4 – Dubai, UAE) may be adjusted upon confirming the programme. Our team shall communicate between the confirmed registered delegates and suggested a suitable course timing for all.

Our standard course duration for our classroom programmes is 6 hours per day while our online session is 5 hours per day.

Our training programmes are designed to be concise yet comprehensive, focusing on professional development. The duration varies based on the specific course content and objectives – we normally offer programmes between 5 – 10 days. However, our emphasis lies in delivering interactive and engaging sessions that prioritize depth of learning within a condensed timeframe. This approach ensures participants acquire substantial knowledge and skills efficiently.

We have been assessed by TUV Rheinland Middle East FZE and comply with Quality Management System standards – ISO 9001:2015 and ISO 29993:2017, ensuring a commitment to quality and excellence in our operations and services.

Our training courses span across diverse industries, encompassing sectors such as but not limited to:

  • Power & Utilities
  • Oil & Gas
  • Financial Institutions
  • Government and Regulatory bodies
  • Manufacturing & Production Industry

Our commitment lies in continuously refining and expanding our training course offerings to align with evolving industry landscapes. We encourage individuals to explore our website or engage with our dedicated support team for the latest information on available courses, ensuring access to the most pertinent and current educational resources.

Yes, Energy Training Centre is an ILM Recognised Provider (ID# 002398B), authorized to register learners and offer training courses recognized by ILM. Participants seeking ILM Recognised Certification would need to complete an assessment post the ILM Recognised courses. ILM is a renowned provider of leadership and management qualifications, part of the City and Guilds Group. Additionally, our company is a CPD Certified Training Company, ensuring our commitment to continuous professional development standards.

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