Oil Refinery Cost Management

Effective Energy Management

Downstream Oil & Gas
Finance, Budgeting & Accounting
International Oil & Gas Supply, Trading & Pricing
Refining & Petrochemicals

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 course 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.

Code Venue Fees ($) Dates
PW026 Amsterdam, The Netherlands 4500 August 11, 2019 – August 15, 2019
PW026 New York, U.S.A 6500 October 6, 2019 – October 10, 2019
PW026 Houston TX, U.S.A. 6500 December 15, 2019 – December 19, 2019

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