Dallas-based energy consultants to teach valuable two-day training course on profit maximization at MEPEC 2011 in Bahrain.
DALLAS, August 29, 2011 – Solomon Associates, the leading performance improvement company for the global energy industry, today announced that it will offer a two-day Refinery Economics Seminar (RES) workshop October 22–23, in conjunction with the 1st Middle East Process Engineering Conference & Exhibition 2011 in Bahrain. The seminar marks Solomon Associates’ first RES workshop in the Middle East; the company has previously held successful events across the United States, Europe, and Asia.
“We are excited that MEPEC 2011 has invited Solomon Associates to teach this workshop at its first annual conference,” said Charles Reith, senior vice president and Middle East business development leader for Solomon Associates. “This in-depth training seminar covers the economic and optimization skills needed to maximize refinery profit. The course is valuable for anyone who takes part in the development of refinery operating plans or helps decide business strategy.”
Led by senior consultant Joe Barth, the RES workshop offers practical, hands-on examples to illustrate Solomon Associates’ unique approach to the intricacies of marginal economics and the workings of linear programming (LP) models. In addition, participants will learn about planning and optimization best practices.
Topics covered in the seminar include:
• Differences between average and marginal costs
• How to calculate refinery netback prices
• Why a “herd mentality” is so common in the industry
• How to use LP models to guide decision-making
• How to evaluate crude and feedstock purchase opportunities
• How to evaluate incremental product sales
• Limitations of shadow values
• Planning and optimization best practices
• Case studies on value of crude oil, value of cracker feed, and optimization of gasoline production
The Saudi Arabian Section of the American Institute of Chemical Engineers (SAS-AIChE) is organizing the 1st Middle East Process Engineering Conference & Exhibition 2011 (MEPEC 2011) to be held October 23–26 in Manama, Bahrain. The main objective is sharing knowledge, experiences, and lessons learned on contemporary issues related to process engineering. MEPEC 2011 will be an opportunity for process engineers; production engineers; researchers; senior managers in engineering, operations, and maintenance; and business development executives from services and products providers to network and learn from their peers. Learn more about the event at http://www.mepec.org.
About Solomon Associates
Based in Dallas, HSB Solomon Associates LLC is the world’s leading performance improvement company for energy companies seeking to identify and close gaps in operational performance. Combining proven, patented methodologies with objective data analysis, and led by a team steeped in hands-on operational experience, Solomon Associates consistently helps clients with energy-intensive assets achieve greater efficiencies, enhanced reliability, and improved margins. Solomon Associates is part of HSB Group, Inc. To learn more about Solomon Associates, visit www.solomononline.com.
Press Contact:
Scott Baradell
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sbaradell@ideagrove.com
