Short Courses and Conferences
Economics of Petroleum Refining
Two Sessions: March 28-30, 2012 and September 26-28, 2012
This course presents a broad introduction to petroleum refining technology and economics. The focus is on transportation fuels refineries, however, petrochemical production and biofuels are also discussed. The first part of the program includes an overview of crude oil supply and petroleum product demand. This is followed with a description of refinery process technology. Key refining technologies are described such as crude oil distillation, heavy oil conversion options, hydrotreating, and catalytic reforming.
Although oil refineries have many similarities, each refinery is customized to most profitably supply a specific market. Profitable refinery operations involve many economic decisions, such as crude oil selection and production planning. The course includes a discussion of the linear programming technique, which is used for these important business decisions. The course also includes a case study example of a new refinery project. This session will include example calculations of capital costs, operating costs, and project economics. The final session of the course is a description of options for increasing refinery profitability such as integration with petrochemicals, supply chain business process improvement, and improving energy efficiency.
Who Should Attend
In addition to oil refining personnel, other individuals who interact with the industry will benefit from this course. This includes accounting (registered with the Texas State Board of Accountancy as a CPE sponsor-sponsor number 002076), finance, insurance, petrochemical producers, oil refinery suppliers, and engineers who have limited refinery experience. A technical background is not required for course participants.
Colorado School of Mines will award 1.8 Continuing Education Units (CEUs) for participation in this course.
The instructor for the course is Dave Geddes, who is an economics and planning consultant for the refining and petrochemical industry. His previous experience includes 20 years at Bechtel Corporation. Learn more...
A complete syllabus for the course is available. Learn more...
The course will be taught on the campus of the Colorado School of Mines in Golden (near Denver), Colorado USA. Learn more...
Fees and Registration
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.
Further Technical Information
For more information about the course content, please contact: