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Crude oil storage and transfer

The challenge

All points of the system had to be considered, including:

  • Internal and external crude storage tanks
  • Barge and ship supply
  • Near-coast and regional pipeline supplies
  • Inter-terminal pipeline transfers

Solution

KBC worked with the customer's trading, operations, planning and technical departments. Simulations were tested with stochastic (discrete event) modeling techniques. A statistical analysis of data and a full operational review were developed. Processes were benchmarked against those of peers, worldwide and regionally.

The results

The project resulted in an increase of inventory working volume by 750,000 bbls, reduced demurrage by US$6 billion per year and an increase in refinery margin by $0.1-0.5 per barrel.

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