An Intensive 5-day Training Course
Oil Refinery Cost Management
Effective Energy Management
Scheduled Dates
Classroom
09 - 13 Dec 2024 | Cairo - Egypt | $5,950 | RESERVE A SEAT |
03 - 07 Feb 2025 | London - UK | $5,950 | RESERVE A SEAT |
24 - 28 Mar 2025 | Istanbul - Turkey | $5,950 | RESERVE A SEAT |
21 - 25 Jul 2025 | Dubai - UAE | $5,950 | RESERVE A SEAT |
20 - 24 Oct 2025 | Dubai - UAE | $5,950 | RESERVE A SEAT |
08 - 12 Dec 2025 | Cairo - Egypt | $5,950 | RESERVE A SEAT |
14 - 18 Dec 2025 | Cairo - Egypt | $5,950 | RESERVE A SEAT |
Are the scheduled dates matching with your needs?
We provide a wider range of training options. Tailored and customized, we can deliver your organisation’s training needs anytime, anywhere.
Why Choose this Training 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 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.
This course it 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.
This 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
What are the Goals?
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
Who is this Training Course for?
This training course is designed to provide technical and practical approaches for executing petroleum refinery related cost management.
This 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
How will this Training Course be Presented?
Oil Refinery Cost Management is a hands-on, stimulating learning experience. The training course 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 the 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.
Organisational Impact
In sending delegates to this training seminar, 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 seminar, 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
Daily Agenda
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
- Course review and close
Certificate
- On successful completion of this Training Course / Online Training Course, a PetroKnowledge Certificate / E-Certificate will be awarded to the delegates.
Frequently Asked Questions
Why PetroKnowledge?
PetroKnowledge is a globally recognized provider of training courses for oil and gas professionals, offering a wide range of specialized training courses designed to enhance knowledge, skills, and expertise in the energy sector. With courses tailored to meet the evolving demands of the oil and gas industry, PetroKnowledge helps professionals stay up-to-date with industry standards, technological advancements, and best practices.
Who are these training courses designed for?
Our courses are specifically developed for professionals in the oil and gas industry, including engineers, technical staff, managers, and other specialists looking to advance their careers. Whether you’re a seasoned expert or new to the sector, our training for oil and gas professionals is suited to individuals at all stages of their professional journey.
Are the courses delivered online or in person?
PetroKnowledge offers flexible learning solutions with both online courses and in-person training options. Online courses for oil and gas professionals provide the flexibility to learn from anywhere, while in-person courses offer a hands-on, interactive learning environment. Each training course page provides detailed information on the delivery format, allowing you to choose the option that best meets your learning style and schedule
Can I get a customized training course for my team?
Yes, PetroKnowledge offers customized in-house training solutions for organizations looking to upskill their teams. We work closely with companies to design bespoke training courses for oil and gas professionals that address specific challenges and objectives. Whether you need on-site training or online solutions, we can tailor the training courses to suit your organization’s needs.
Are there any prerequisites for attending a course?
Certain advanced training courses for oil and gas professionals may require prior experience or technical knowledge. These prerequisites ensure that participants can fully benefit from the course content. We recommend reviewing the course description on the relevant page to determine if any prerequisites apply to your selected course.
How can I enroll in a course?
Enrolling in one of our training courses for oil and gas professionals is simple and convenient. Navigate to the specific course page, click “Enroll Now,” and complete the registration form. You will receive a confirmation email with further details on how to proceed.
You may also get in touch with our Registration Team on
+971 50 981 7386 | +971 2 557 7389 or send an email to [email protected]
When should I expect to receive confirmation of registration?
Upon successful registration online, enrolment on the respective training course will be confirmed by Registration Team by e-mail along with the invoice and joining instruction.
Will I receive a certificate after completing the course?
Yes, upon successful completion of our courses for professionals in the oil and gas industry, you will receive an industry-recognized certificate from PetroKnowledge. This certification is designed to validate your skills and knowledge and can significantly enhance your professional credentials, boosting your career prospects in the competitive oil and gas sector.
When and how do I arrange payments?
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.
What is the refund or cancellation policy?
Our refund and cancellation policy varies depending on the course and circumstances. Generally, cancellations made at least 21 days before the training are eligible for a refund, less any administrative fees. If you have any specific inquiries about the cancellation or refund, don’t hesitate to contact our support team, who can assist with your booking and cancellation queries.
Is there a discount for more than one registrant/course?
For corporate fees and group registration, please send your query to [email protected].