Advanced Refining Margin and Economic Analysis

Increase the operational efficiency by lowering cost structures to maximise the profitability of your refinery

  • Understand crude oil and oil product pricing and how these are driven by market fundamentals
  • Review refining margin trends, floor and ceiling mechanisms
  • Conduct advanced margin analysis to make refining operating strategy decisions
  • Assess how to respond to processing problems and opportunities
  • Identify operational options and alternatives to manage processing problems
  • Evaluate how to respond to market opportunities to secure new business
  • Use robust approaches to assess and quantify the benefits of competing investment options

The global downstream industry has seen – and is still experiencing – significant shifts in fundamental supply and demand regionally as well as globally. Lower demand and increasing refining capacities have led to overcapacities. Refineries are now under pressure to optimise utilisation and margins. To protect their position refining companies need to solve the complex challenges of the industry. Newly built as well as existing plants need to increase their efficiency by lowering cost structures and reducing cost to ensure profitability and maximise margins.

This intense and highly-interactive programme is specifically designed for experienced downstream professionals. Based on complex margin analysis delegates of this course will assess throughput and production strategies to optimise refinery operations. This must-attend programme will equip delegates with and advanced understanding of margin analysis to assess responses to problems immediately.

Oil and gas professionals who want to gain an advanced understanding of how to make proper economic assessments in response to adverse events on refineries:

  • Senior Plant Managers
  • Area Operating Planners
  • Supply Planning & Scheduling Specialist
  • Corporate Planning Manager
  • Operational Excellence Specialists
  • Commercial Analysts
  • Marketing, Sales and Retail Managers
  • Project Managers and Engineers

Course objectives

The programme will be delivered using a blended approach combining theory, industry relevant cases studies, practical exercises and group discussion to illustrate the key learning points and demonstrate how they can be applied in practice. This will ensure the participants finish the programme with an advanced understanding of margin analysis to assess responses to problems immediately.

  • Assessing the outlook for crude oil price, product crackspreads and product prices
  • How to calculate refining margins in different locations, reflecting market conditions
  • Assessing different throughput and production strategies for refineries
  • How to make proper economic assessments in response to adverse events on refineries
  • How to respond to market opportunities
  • Opportunistic procurement of crude oils
  • Niche production opportunities
  • Discounted cash flow analysis of investment opportunities

Course content

  • Crude oil and oil product pricing overview
  • Exercise – evaluating product crackspreads
  • Refinery netback pricing
  • Refining margins, history and outlook
  • Exercise – evaluating floor and ceiling mechanisms
  • Operating strategies
  • Exercise – margin analysis to assess throughput and production strategies
  • Monitoring and optimising refinery operations
  • Exercise – using margin analysis to assess responses to problems
  • Market outlook overview
  • Exercise – evaluating operational and trading opportunities
  • Investment options for refiners and how to assess them
  • Exercise – discounted cash flow analysis of investment options
Course Categories

Testimonials for our Courses

“The O&G focus of the course was very interesting and useful.”
 

Delivered by

Chris Brown has spent his whole career in the petroleum and petrochemicals industries, both in do

Dates & Locations



This course is only available as a custom course tailored for your business, contact us to discuss your requirements.