OIL REFINERYDiscover new high impact opportunities across the oil value chain
Oil refining around the world lies at the center of a complex, integrated value chain that converts carbon based raw material to usable energy, fuels and petrochemicals.
Refiners need to find ways to maximise their productivity, increase operational efficiency and reduce the cost of production, while at the same time being highly responsive to any fluctuations in downstream demand. All of this has to be accomplished in an environment where feedstocks can vary. Refineries must also meet strict and ever increasing compliance, environmental and quality regulations.
The diversity of the downstream products can provide many opportunities for developing a multitude of new products with innovative business models and technologies, serving specialised markets.
Each refinery is connected to a regional market with its unique challenges requiring a careful balance between operating in the global market while meeting local requirements.
How we help oil refineries
OTC’s multidisciplinary team of seasoned consultants is experienced in oil refining, including conceptual studies covering a spectrum of crude oil feedstocks, technology licensor identification and selection, engineering design, project management and commissioning of oil refineries, as well as the operating and maintenance thereof.
Our consultants are able to work with owners, operators and financiers as trusted advisors to help provide clarity to your most difficult challenges. Our project feasibility framework is ideally suited for determining the specific business and technology configuration that ensures optimal returns on any new capital invested for any crude oil feedstock
How we work
Our approach has evolved over many years and our methodology is adaptable to meet our clients unique requirements. We will always ensure that business objectives are translated into project outcomes. We have developed a comprehensive knowledge base of proven best practices which we use in assignments.
We take on the role of owner representative and/or as members of a project team together with developers, financiers, technology licensors, EPC contractors and operators to optimise and deliver on shared business objectives. We also have an extensive network of strategic partners and alliances which can be quickly drawn on to ensure the best possible outcomes.
OIL REFINERY INSIGHTS
OTC published a series of three articles in early 2015 on the international crude oil market and price (Putter & Buys, 2015). This article is an update and follow-up on the 2015 articles. We thought now would be an opportune time to give an update on what...