Message-ID: <16880523.1075860844141.JavaMail.evans@thyme> Date: Thu, 10 Jan 2002 10:35:05 -0800 (PST) From: bscanlon@smi-online.co.uk To: klay@enron.com Subject: Strategies for Success in Oil Refining Event Mime-Version: 1.0 Content-Type: text/plain; charset=ANSI_X3.4-1968 Content-Transfer-Encoding: 7bit X-From: Brid Scanlon @ENRON X-To: 'klay@enron.com' X-cc: X-bcc: X-Folder: \Kenneth_Lay_Mar2002\Lay, Kenneth\Inbox X-Origin: Lay-K X-FileName: klay (Non-Privileged).pst Strategies for Success in Oil Refining 20 and 21 March 2002, The Hatton, London Dear Mr K.L. Lay, I though you might want to be informed about SMi's Strategies for Success in Oil Refining Conference, so I've outlined below an overview of this event which is taking place in March. With uncertain markets and shrinking margins in the refining industry it's never been more important to reduce costs to an absolute minimum. SMi's conference, "Strategies for Success in Oil Refining" on 20 and 21 March 2002 will identify the most important challenges facing the industry and analyse the measures companies are pursuing to improve performance. Discover how you can make your refinery profitable in the current climate despite all the contradictory evidence. Have a scroll down to see what you DON'T want to miss!! EXPERT SPEAKER PANEL A unique opportunity to learn from leading industry experts including: * Nigel Devereux, Head of Downstream Oil, DTI Oil & Gas Directorate * Franco Bellucci, Refinery Manager, API Oil * Philip Vowles, Trader, Cargill International SA * David Freyman, Senior Consultant, Barnes & Click * David Hart, Chief Operations Officer, Knowledge Process Software * Geoff Lee, Senior Consultant, KBC Process Technology Conference chaired by: Peter Sibley, Principal, Process Industries Practice, AT Kearney Rodney Pitt, Editor, European Fuel News SO, WHAT CAN YOU EXPECT TO GET OUT OF THIS EVENT ? Day One 20th March 2002 CONFERENCE AGENDA Registration & Coffee 9.00 Chairman's Opening Remarks Peter Sibley, Principal, Process Industries Practice, AT Kearney 9.10 A UK VIEW OF REFINING STRATEGY * Sector strengths and weaknesses * Challenge of future vehicles and fuels * Competition and security of supply * Consequences for government policy Nigel Devereux, Head, Downstream Oil, Department of Trade and Industry UPGRADING AND RETROFITS IN EUROPEAN OIL REFINING 9.40 Upgrading to reduce fuel oil excess * Current demand for fuel oil * Typical base case including Visbreaking * Novel case studies to include upgrading * Convert your existing Visbreaker * Summary - economic justification Dr Ozren Ocic, Development Manager, NIS - Pancevo Oil Refinery RISING TO THE CHALLENGE OF TIGHTER SPECIFICATION 10.20 The impacts on refinery operations from Kyoto, Auto-oil and changing motoring trends in Europe * 2005 auto-oil specification give refiners little room to manoeuvre * Ever increasing public pressure to find a global solution to climate change by reducing greenhouse gas emissions * Refiners blending skills will not be enough alone * New alkylation technology can provide the answer by debottlenecking existing units and increasing the range of feedstocks that can be processed economically * Alkylation consumes relatively little energy compared to many other refinery processes Tony Parker, Business Development Manager, STRATCO 11.00 Morning Coffee A EUROPEAN "WHITE REFINERY" 11.20 Meeting the demands from the EU * The demands placed on European refiners * Meeting the need for specialist clean products * Italian refinery capacity - general products and specialist products * Developing an existing refinery - the challenges overcome to increase capacity * Lessons learned from the Falconara refinery * Future for the products produced at this site * Clean products meeting emission targets Franco Bellucci, Refinery Manager, API Oil FINANCING OIL REFINING PROJECTS 12.00 Developing an effective investment strategy * What are the challenges and opportunities for the oil refining industry? * Considerations to be made under the current uncertain economic climate * Equity v debt * Joint venture partners * Example funding structure * Future developments in funding structures Michael Lynch-Bell, Partner & Co-Director, Global Energy, Chemicals & Utilities Corporate Finance, Ernst & Young 12.40 Lunch AN INDEPENDENT EUROPEAN OPERATOR 2.00 Fighting for survival or winning the battle? * What markets are open to the independent * Flexibility of the independents * The benefits of being able to adapt to the market demands * Competing with the big boys - where is the competitive edge? * Can they compliment or add to Europe's refining mix * Future tactics/targets for the independent George Lambrou, General Manager, Cyprus Petroleum Refinery 2.40 THE MEDITERRANEAN REFINING INDUSTRY * The supply side: refining capacity * The demand side: petroleum products quality * Internal and external products trading moves * Refining margins and products price level * "Midor" new refinery in Egypt - the impact on supply side and pricing balance Yoav Armoni, Consultant, Forest Consultancy 3.20 Afternoon Tea SUPPLY CHAIN IN OIL REFINING 3.40 Reaching the optimum: best practice planning * The supply chain and its discontinuities * Where $ opportunities arise * Best practice planning and scheduling * LP use and limitations * Simulation and synergies across monitoring LP maintenance * Decision-making and the organisation * The need for change and KPI's Geoff Lee, Senior Consultant, KBC Process Technology OPPORTUNITIES FOR PROFIT IMPROVEMENT 4.20 Knowledge discovery and decision support systems * Advanced technologies used to improve refinery performance * Techniques turn operating data into knowledge and then rule based decision support systems * Improved performance has been achieved by"blue chip companies" in many sectors * An illustration of techniques used in refineries using case studies David Hart, Chief Operations Officer, Knowledge Process Software 5.00 Chairman's Closing Remarks and Close of Day One CONFERENCE AGENDA Day Two 21st March 2002 9.00 Re-registration & Coffee 9.30 Chairman's Opening Remarks Rodney Pitt, Editor, European Fuel News GLOBAL REFINING CAPACITY, INVESTMENTS & MARKET PRICING 9.40 Effects of key developments * Heavier global crude slate versus lighter product slate * U.S. and global trends to ultra low sulphur fuels * Gas to liquids capacity outlook and issues * Caspian crude - potential impacts on markets West and East Martin R. Tallett, President, EnSys Energy & Systems 10.20 EUROPEAN MARGIN TRENDS * Recent fluctuations in margins * Impact of global margins * Industry response to low margins * Capacity and utilisation * Optimising outlets * Strategy for protecting the margin Philip Vowles, Senior Trader, Cargill International 11.00 Morning Coffee USA REFINING INDUSTRY 11.20 Developments and outlook * U.S. major companies * Refining margins and production costs of U.S. majors * Gulf coast, the leader in refinery capacity * Supply v demand * Responding to market needs * Impact of mergers and acquisitions on refinery ownership David G. Freyman, Senior Consultant, Barnes & Click INVESTING IN WASTE OIL RE-REFINING 12.00 Technical and economic issues * Overview of re-refining * Product specifications * Advantages of waste lubes as refinery feedstock * Technological requirements * Investment returns * Market forces * Outlook for re-refining, increasing capacity Christopher Williamson, Managing Director, Petrus Oils and Petrus Oils Germany 12.40 Lunch 2.00 THE OUTLOOK FOR GLOBAL OIL PRICES * How much can OPEC dictate prices? * Supply/demand projections for 2002 * The increasing influence of Russia * Potential suprises for the markets Chris Judge, Editor, Petroleum Argus CHALLENGES TO THE EUROPEAN REFINING INDUSTRY 2.40 Increasing margins through difficult times. * What can refiners do to reduce earnings volatility? * How to position for future growth? * Where can additional margin come from? * What are the future threats and opportunities? Phil Packer, Senior Consultant, Nexant 3.20 Afternoon Tea 3.40 THE CAPACITY IMPLICATIONS OF 10PPM SULPHUR IN DIESEL & GASOLINE * The impact on different types of refinery * Effect on product patterns * New processes becoming available * The hydrogen balance * Cost of production Robert High, Managing Director, High & Watt Associates 4.20 Chairman's Closing Remarks and Close of Conference PROMOTIONAL OPPORTUNITIES AT THE EVENT - Sponsorship and Exhibition Opportunities : SMi offer sponsorship, exhibition, advertising and branding packages, uniquely tailored to compliment your company's marketing strategy. Prime networking opportunities exist to entertain, enhance and expand your client base within the context of an independent discussion specific to your industry. Should you wish to join the increasing number of companies benefiting from sponsoring our conferences please call : Dale Butler, SMi Sponsorship on - +44 (0) 20 7827 6044 or email: dbutler@smi-online.co.uk CONFERENCE/SEMINAR PRICING Conference plus Briefing Executive Fee: Fee: ?1199.00 VAT: ?209.83 Total: ?1408.83 SO HOW DO YOU REGISTER FOR THIS EVENT ? Register on our secure website at our http://www.smi-online.co.uk/oilrefining1.asp Or alternatively fax your registration to +44 (0) 870 9090712 Or phone +44 (0) 870 9090711 quoting reference Number: D28_PZ_EM Places ARE strictly limited. Register today to guarantee your place at this event. Yours sincerely Brid Scanlon Marketing Executive SMi Group mailto:bscanlon@smi-online.co.uk This information was not sent unsolicited. To unsubscribe to further e-mails regarding SMi's forthcoming Energy reports and events please return this e-mail with REMOVE in the subject header. You are registered as: klay@enron.com Your unique reference number is: 23003009