The term Hydrocarbon management or mass reconciliation or oil loss all mean to the balancing of the input and output of a refinery. The typical best run refineries average imbalance is between 0.35-0.55% of refinery crude throughput and this translates into yearly loss of 35-60M$ for a 300KBD refinery with crude price of $100/bl. This loss does not even account for loss due to demurrage, data inconsistencies in custody transfer data, etc. This is huge incentive for not so efficient refineries, at least it should be, to manage its assets efficiently, streamline the accounting procedures, calibrate its meters, etc.
This seminar discusses the concept of HM landscape in a refinery, process of reconciliation, asset management systems (Tanks, oil movement, custody transfer, vendor/customer management (ERP), etc.) and relates them with element of the accounting process.
PROGRAM OUTLINE
Each of modules below will discuss 4-5 topics each of 20-30 minutes duration. The entire course will be covered in 800+ slides. The training curriculum is under development currently.
Who Should Attend ?
- Mandatory – Finance Manager, Yield Accountant, Finance Analyst
- Recommended – OM&S Manager, OM&S Engineer, OM&S operator, terminal operator
- Optional – Refinery Manager, Blending Manager, Blending Engineer, IT Engineer