Petroleum Refining Technology, Operations, and Economics
Objective: Provide understanding of overall refinery structure, operations, feedstocks, products, and economics, as well as individual processing unit operations, technologies, and economics. Topics related to current environmental regulations, product specifications, blending, and petrochemical feedstocks will be examined.
This course serves as an excellent refresher for the refinery chemical engineers and other technical staff, but also as a very informative survey for non-technical professionals including insurance underwriters, environmental consultants, accountants, human resource managers, lawyers, production coordinators, and petrochemical sales people.
Length: Two Days
Course Outline:
- Historical Development of the Refining Industry
- Refinery Feedstreams
- Refinery Products and Specifications
- Overall Refinery Structure and Layout
- Processing Units: Structure, Operations, Yields
- Atmospheric and Vacuum Distillation
- Light Ends Upgrading
- Gasoline Manufacturing Processes: Isomerization, Alkylation, Reforming, Polymerization
- Catalytic Cracking
- Resid Processing: Coking, Visbreaking
- Hydroprocessing: Hydrocracking and Hydrotreating
- Product Blending
- Petrochemical Feedstocks
- Supporting Processes
- Simple and Complex Refineries
- Impact of Environmental Regulations
- Individual Unit Economics - Operating and Capital
- Overall Refinery Economics
Global Petroleum Economics and Business Practices
Objective: Provide working knowledge of the global petroleum markets, petroleum pricing, transportation, and refinery economics.
This course serves as an excellent introduction to the economics of the petroleum industry. It is suitable for oil and gas company technical and non-technical personnel as well as non-technical professionals including insurance underwriters, environmental consultants, accountants, human resource managers, lawyers, production coordinators, and petrochemical sales people.
Length: Two Days
Course Outline:
- World Petroleum Markets
- Exploration and Production
- Characteristics of Crude Oils
- Oil Market Price Determination and Analysis Techniques
- Crude Oil and Product Transportation
- Refinery Configurations and Margins
- Economics of Individual Processes
- Refinery Crude Oil Valuation
- Economics of Blending
- Short-Term Refinery Optimization
- Refined Products Trading
- Price Risk Management
Strategic Valuation of R&D and Long-Term Projects in the Petroleum Industry
Objective: The analogy between financial options and corporate investment strategy is used to develop a nuanced and novel quantitative methodology for determining and comparing valuations for different projects and strategies. This methodology has proven to be more effective than simple NPV methodology by accounting for uncertainty and flexibility. It is a hard financial analysis tool while being easily accessible, providing insights resulting in a more creative strategy formulation process.
Most energy company managers, including those involved in R&D, technology acquisition, products sales and licensing, business development, tax and legal, and economics and project development will benefit from this course.
Length: One Day
Course Outline:
- Traditional Methods of Project Valuation
- Introduction to the Option Space Methodology
- Mapping a Project onto an Option
- Framework and Methodology Development
- Multi-Step Projects as Nested Options
- How Far Can the Framework be Extended?
- How to Apply Methodology to Your Real World Problems
Applications of Novel Technologies to the Petroleum Industry: From Biotechnology to Microwaves
Objective: Provide understanding of recent advances in a variety of fields, including biotechnology, microwave reactors, computers and process control, and quantitative process risk assessment.
Advances in each area will be discussed by a consultant personally involved in the subject area, and current or potential near-term applications to the petroleum processing industry analyzed. Practical cases will be developed as paradigms, including realistic process flow diagrams, and capital and operating economics evaluated.
This course will benefit management and technical staff in petroleum refining and associated companies including those involved in technology evaluation, technology acquisition, project identification, and project development.
Length: One Day
Course Outline: Based on latest technology developments
Lube Refining Technology, Operations, and Economics
Objective: Provide understanding of lube refinery structure, operations, feedstocks, products, and economics, as well as individual processing unit operations, technologies, and economics.
This course serves as an excellent refresher for the refinery chemical engineers and other technical staff, but also as a very informative survey for non-technical professionals including insurance underwriters, environmental consultants, accountants, human resource managers, lawyers, production coordinators, and petrochemical sales people.
Length: One Day
Course Outline:
- Crude Composition and Screening
- Sales and Supply
- Overall Lube Refinery Structure and Layout
- Distillation
- Propane Deasphalting
- Furfural Extraction
- Solvent Dewaxing
- Catalytic Dewaxing
- Hydroprocesses
- Additives and Product Formulation
- Synthetic Lubes and Recent Trends
- Lube Refinery Economics
Specialized Courses in FCC, Alkylation, and Delayed Coking: Design, Hardware, Catalysts, Operations, and Economics
Objective: Provide in-depth working knowledge of unit hardware, operations, feedstocks, products, and economics.
This course serves as an excellent comprehensive technical source for the refinery and corporate chemical engineers and other technical staff.
Length: One Day per Topic
Course Outline:
- Feeds and Products
- Historical Development
- Reactions
- Equipment and Hardware
- Hardware Designs
- Catalysts (except coker)
- Operating Strategies
- Economics
- Recent Trends
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