Oil Refinery Cost Management

Oil Refinery Cost Management 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.

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

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 Gulf Rowad 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

Organisational Impact

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

Personal Impact

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