Oil & Gas
Full-potential diagnostic identifying $40M in annual refinery benefits
- Location
- Saudi Arabia
- Year
- 2016
- Engagement
- Profitability Improvement: Supply Chain & Logistics
The problem
Joint venture between integrated oil major and state-owned upstream oil provider. Top 10 refinery in the world by volume (350k bbl/day). Seeking full-potential assessment on refinery operations and hydrocarbon loss control.
Our approach
Identified several key findings, such as: over 2% losses on crude receipts due to mismanaged custody transfer, meter proving and maintenance; over USD $10m in blending optimization opportunities despite the use of computer-based analytical tools; opportunities to improve maintenance effectiveness across operation.
$40M+
Over USD $40m annualized savings potential identified
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A detailed initiative roadmap was created to guide implementation
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An implementation timeline was developed and proposed to ensure structured execution