PD202 Refining Economics

Masterclass in

REFINING ECONOMICS &

PERFORMANCE with John Metcalfe Increase your understanding of the key refinery business performance dynamics, and master the techniques and tools used to optimise productivity and profitability in this complex and highly competitive sector

24 – 26 August 2016 | Singapore

Conducted by Course Director:

John Metcalfe John Metcalfe’s first career was with ExxonMobil for 33 years. He was involved in Planning & Scheduling and Configuration Studies for much of that time, at refinery, regional and corporate levels, and for the last 15 years had a global role specialising in Refinery Optimisation and Profitability. Then followed 5 years with UOP, during which time their Consulting business was grown into a significant presence in Europe, the Middle East and the FSU.

www.petroEDGEasia.net

ADVANCED OIL TRADING & PRICE RISK MANAGEMENT – LEVEL 2

Masterclass in Refinery Economics & Performance with John Metcalfe 24 – 26 August 2016 |Singapore

Conduct this training course in-house for more effective savings!

Call us at +65 6741 9927 or email to [email protected]. For more information, visit us at www.petroedgeasia.net

About the training course Our Refining Economics course aims to promote a better understanding of the key refinery business performance levers, and the techniques and tools used to optimise and improve business performance. It is intended for Supply and Refinery Business Analysts and Refinery technical support engineers with at least 1-2 years of refinery experience and some understanding of refinery operations and blending. Participants will improve their understanding of the principles of refinery optimisation, and how refinery raw materials, intermediate streams and products are produced, blended and valued. Course Description The Refining Economics course includes lectures, worked examples, and working in groups to provide answers to some complex stream valuation questions. Upon completion of this course, participants will have gained a broad understanding of the many economic aspects of oil refining. There will be ample opportunities for attendees to interact with the speaker and other participants to exchange knowledge and ideas relating to refinery optimisation and profit improvement. This course differs from economics courses offered by others in focusing on the economic drivers on which day-to-day and longer term operational decisions are based. It will help analysts to understand the economics that are provided by linear programs, and how streams are valued. No longer will analysts answer management questions with the response “Because the LP says so!” After completing this course you will:

Have a thorough understanding of the factors that contribute to the marginal value of blendstocks and

feedstocks.

Understand how streams should be distributed to ensure the optimum economic operation of an oil refinery

within the many constraints that affect production

Understand crude oils and other raw materials

Have an overview of the key refinery processes, and critical product qualities and blending methodology

Know the meaning and extent of the economic information that can be obtained from an LP solution Who Should Attend The programme is designed for anyone who is concerned with better understanding refinery economics, and will be especially valuable to:

Analysts working in a Supply environment or a refinery planning department

Engineers involved in troubleshooting and technical service work who need an economic perspective of

process unit operation

Personnel from product marketing companies

LP modellers

Service and consulting companies will also find the program very helpful and informative.

mailto:[email protected]





About your Expert Faculty: John Metcalfe John Metcalfe’s first career was with ExxonMobil for 33 years. He was involved in Planning &

Scheduling and Configuration Studies for much of that time, at refinery, regional and corporate levels,

and for the last 15 years had a global role specialising in Refinery Optimisation and Profitability. Then

followed 5 years with UOP, during which time their Consulting business was grown into a significant

presence in Europe, the Middle East and the FSU.

John has more recently been Group Manager in the expanding team at Jacobs Consultancy’s London office, helping to

grow their involvement in refining, chemical and petrochemical consulting for the financial, investment and operating

community in Europe, FSU, Africa and the Middle East. He continues to specialise in grass-roots and revamp

configuration studies for refining and petrochemical investment projects. He is currently working with an Indian refiner

to improve profitability and continues to conduct training course and seminars on Refining Economics and Master

Planning for major projects.

Three Day Course Agenda

DAY ONE

Introduction and Objectives Business Environment Macro-Economic Outlook Historical Overview Demand Prospects Growth Outlook Margin Implications Product Specs. Outlook Crude Oil Quality Relationships Assays Cutting Tool Issues Crude Evaluation Refinery Configuration Best Practices Crude Evaluation Exercise What is an LP? Introduction to Planning and

Optimisation

DAY TWO Refinery Process Schemes Products and Blending Blending review Critical Qualities Fuel Oil Blending Optimum Blend

Cost of Correction

Value of Blend Correctors

Marginal Economics Stream Valuation Cost of Marginal Quality Value of Alternate Dispositions Valuation Exercise

Process Economics (CCR) Unit Economics Effect by Severity By-product Value

DAY THREE Refinery Configuration Cracking Conversion

Using LP for a Real Problem Overheads Fouling Exercise

Planning Process Long/Short Range Strategic/Investment Forecasting Operations Planning Business Best Practices Monthly/Rolling Plans Target Setting






EARLY BIRD NORMAL TEAM DISCOUNTS

SINGAPORE 24 – 26 August 2016

SGD3,199 SGD3,399

petroEDGE recognises the value of learning in teams. Group bookings at the same time from the same company receive the following: 3 or more at 5% off 5 or more at 7% off 8 of more at 10% All promotions & group discount are applicable on normal fees only. Any promotion including early bird are exclusive of the group discount

DELEGATE DETAILS

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course, please call us to confirm your booking. - Photocopy this form to register multiple delegates.

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CANCELLATIONS & SUBSTITUTIONS You may substitute delegates at any time. ASIA EDGE PTE LTD does not provide refunds for cancellations. For cancellations received in writing more than seven (7) days prior to the training course you will receive a 100% credit to be used at another ASIA EDGE PTE LTD training course for up to one year from the date of issuance. For cancellations received seven (7) days or less prior to an event (including day 7), no credits will be issued. In the event that ASIA EDGE PTE LTD cancels an event, delegate payments at the date of cancellation will be credited to a future ASIA EDGE PTE LTD event. This credit will be available for up to one year from the date of issuance. In the event that ASIA EDGE PTE LTD postpones an event, delegate payments at the postponement date will be credited towards the rescheduled date. If the delegate is unable to attend the rescheduled event, the delegate will receive a 100% credit representing payments made towards a future ASIA EDGE PTE LTD event. This credit will be available for up to one year from the date of issuance. No refunds will be available for cancellations or postponements.

ASIA EDGE PTE LTD is not responsible for any loss or damage as a result of a substitution, alteration or cancellation/postponement of an event. ASIA EDGE PTE LTD shall assume no liability whatsoever in the event this training course is cancelled, rescheduled or postponed due to a fortuitous event, Act of God, unforeseen occurrence or any other event that renders performance of this training course impracticable or impossible. For purposes of this clause, a fortuitous event shall include, but not be limited to: war, fire, labor strike, extreme weather or other emergency.

PROGRAM CHANGE POLICY Please note that speakers and topics were confirmed at the time of publishing; however, circumstances beyond the control of the organizers may necessitate substitutions, alterations or cancellations of the speakers and/or topics. As such, ASIA EDGE PTE LTD reserves the right to alter or modify the advertised speakers and/or topics if necessary. Any substitutions or alterations will be updated on our web page as soon as possible.

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Online: www.petroedgeasia.net Email: [email protected] Phone: +65 6741 9927 Fax: +65 6747 8737

REFINING ECONOMICS

R E G I S T R A T I O N F O R M


Education

PD202 Refining Economics