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Introduction to the course
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 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 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 training course will provide a comprehensive review of the various aspects of refining cost management, which is the cornerstone for a viable plant profitability and optimization.
This KC Academy training course will highlight:
- Lectures, tutorials and group work in all areas of refinery cost management
- Actual Case Studies that illustrate technical solutions with observable results benefits
- Use of basic cost management software tools in excel will be made available to participants
- Transfer of instructor’s broad hands-on industrial experience
- Open reflection on real life situations in participants’ own refineries
Course details
By the end of this 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 training course is a hands-on, stimulating learning experience. This 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 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 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 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 training course on Oil Refinery Cost Management is designed to provide technical and practical approaches to executing a petroleum refinery related cost management.
This KC Academy 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
Daily Agenda
DAY 1:
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 2:
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 3:
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 4:
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 5:
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
Frequently Asked Questions
There are no prerequisites. Our courses are open to students of all backgrounds who are 18 years of age and older. All courses are conducted in English. Video lectures include English subtitles and the option to slow-down, pause, or replay lectures for better retention. Discussion boards are a critical component of each of our courses; therefore, we suggest students have a conversational knowledge of English when pursuing a Certificate of Completion. For any of the art writing courses, students need to be 100% proficient in written English.
You should have an up-to-date web browser such as: Chrome, Safari, Firefox, or Internet Explorer. For more detailed information, please see the guides for supported browsers and basic computer specifications. Our Online Courses can be accessed on a mobile or tablet device, although we strongly encourage you to have access to a desktop or laptop computer and reliable internet connection for certain course components. Former students have told us it is easiest to read discussion threads and complete written assignments on a laptop or desktop computer.
Registration is available on our website. Just follow these simple steps: Click the “Apply Now” button in the top right corner of your screen. Select “Online Courses.” Choose your course(s). You will be asked for basic contact information and your credit card payment. We require full payment at the time of registration and all tuition is billed in US dollars. Be sure to check with your bank or credit card company, as your financial institution may charge a foreign transaction fee.
Our classes are kept small, at no more than 30 students, to better facilitate and encourage personalized interaction with the instructor and fellow participants. Your classmates come from all over the globe and contribute their global perspectives and experience. Some are currently working within the arts while others are just beginning. All classmates share in their passion for the art world.
It is recommended that you begin your course promptly. If you do need to start the course a few days late, contact your instructor as soon as possible after the course has opened to discuss your options. Registration closes on the Friday after the course begins.
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Course customization available
Course customization available
This training course is available to be conducted at your own pace & at your own time. Request for a quotation now and our training advisor will contact you shortly
