Crude Oil Refinery Cost Estimation and Project Economics Training Course, provided by the Imperial Corporate Training Institute, has been developed to deliver a full and effective level of comprehension related to the assessment of refinery projects from a cost point of view. In the current dynamic environment of the energy industry, it has become imperative for the refineries to take apt decisions on the involvement of authentic cost budgeting and financial considerations. The subject matter of the course delves into the overall cost assessment process of a refinery stage by stage, starting from the conceptual phase to the full assessment of the projected cost.
This oil and gas course uses an applied and industry-driven method that ties together engineering design parameters with economic decisions. This course will help candidates understand the calculations and optimization of Capital Expenditure (CAPEX) and Operating Expenditure (OPEX) parameters in the context of crude oil refinery investments. It also puts focus on economic parameters and cash flow analysis techniques that refineries use as part of financial decisions on investments made in refineries.
Objectives
By the end of this training course, participants will be able to:
- Understand the basics of crude oil refinery cost calculations throughout project phases
- Use structured budgeting methods in refinery projects
- Determine and categorize major cost components of projects in Oil and Gas plants
- Create financial models for investments in the refinery sector
- Evaluate CAPEX and OPEX in connection with refinery design and capacity
- Implement economic criteria such as NPV, IRR, and Payback Period to assess refining projects.
- Evaluate the effect of crude slate, product ratio, or market on refinery economy
- Uncertainty and risk management in refinery project economics
- Provide cost analyses to enable informed investment and management decisions
- Incorporate technical information, operational data, and financial information within overall project assessments.
Target Audience
This oil and gas training course is suitable for:
- Refinery project engineers and process engineers
- Cost engineers and project controls professionals
- Financial analysts working in oil and gas projects
- Planning and budgeting professionals in refineries
- Project managers involved in refinery development or expansion
- Operations and maintenance engineers seeking economic awareness
- Energy economists and business development professionals
- Consultants involved in refinery feasibility and cost studies
- Professionals responsible for financial planning and capital investment decisions