13-17 October 2008
Delegates will examine the various activities of the fictional Invincible Energy Company to explore the economic forces which drive the oil supply chain. They will concentrate on the main areas of risk and opportunity from the crude oil supply terminal, through transportation, refining and trading to the refined product distribution terminal.
During their time in Invincible’s refinery, delegates will learn about the quality aspects of product supply. They will study refinery process economics and the effects of upgrading. Blending to meet quality requirements at optimal cost will be examined. Delegates will construct and negotiate a processing deal.
They will then follow the crude oil to and the refined products from the refinery and look at the economics of various alternatives.
International markets and trading will be studied, together with the various methods of price risk management.
This course is the essential foundation for people entering the oil industry or for those with single-function experience looking to broaden their knowledge. It also forms the basic building block for the other Invincible courses.
The work on twelve exercises is performed in syndicates, with comprehensive debriefs studying the consequences of the decisions made. The course expects a high degree of participation from delegates and there is a high staff-to-pupil ratio.
Posted by Online Data on Tuesday, July 22, 2008 21:34
Location Cambridge, UK
Category Training Courses
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