About this course...
Refining economics involve a number of factors. These include crude oil quality, refinery configuration and crude and product prices. The first part of the program includes an overview of crude oil supplies and pricing. This is followed with a description of refinery process technology and the impact of refining processes on refining economics. Major refining technologies are described such as crude oil distillation, heavy oil conversion options, hydrotreating, and catalytic reforming. Refinery economics are then discussed, along with various factors that can impact overall economics, such as complexity and size.
Although oil refineries have many similarities, each refinery is customized to most profitably refine available crude oils and supply the market. Profitable refinery operations involve many economic decisions, such as crude oil selection and production planning. The final day includes a discussion of the linear programming technique, which is used for these important business decisions and a description of key economic decisions made by refinery operators. The final session is a case study to illustrate the process used to determine the economics of a new refinery.
Who should attend?
In addition to oil refining company personnel, other individuals who interact with the industry will benefit from this course, such as those involved with finance, insurance, and petrochemical production. A technical background is not required for course participants.
Continuing education credits
Colorado School of Mines will award 1.8 Continuing Education Credits (CEUs) to participants who complete this course.
The course will be taught at Colorado School of Mines in Golden, Colorado USA. Learn more...
Dave Geddes is an economics and planning consultant for the refining and petrochemical industry. His previous experience includes 20 years at Bechtel Corporation. Learn more...
Registration for this course is open now. Enrollment is limited; therefore, applications will be accepted in the order received. Full information about fees, options, and payment methods is available. Learn more...
Travel and Accommodations
Registrants are responsible for their own travel arrangements, transportation, lodging, and meals. Additional information is available through the links below.