Petroleum Refining

Muse consultants have extensive experience advising refinery operators, investors, and governments on technical performance, economic optimization, and capital investment decisions. Our work includes refinery configuration analysis, LP modeling, crude slate evaluation, asset valuation, and project development support.

The following engagements illustrate Muse’s experience across global refining markets.

U.S. Refinery Upgrade Study

Advised a refinery operator on the evaluation of heavy oil upgrading opportunities. The engagement included development of feedstock and product price forecasts, analysis of alternative processing configurations using PIMS LP modeling, evaluation of crude slate flexibility, and economic modeling of multiple project scenarios to determine the optimal upgrade strategy.

Heavy Crude Upgrading Analysis

Conducted technical and economic feasibility studies for heavy crude upgrading options at U.S. refineries. The analysis examined multiple processing technologies, including delayed coking, supercritical extraction, hydroconversion, hydrotreating, and catalytic cracking, to determine the most effective configuration for processing heavier feedstocks.

Lithuanian Refinery Valuation

Evaluated operational performance and investment opportunities for a refinery in Lithuania. The engagement included analysis of processing balances, transportation logistics, terminal and pipeline requirements, and overall operating efficiency. Muse developed a linear programming model to assess capital investment scenarios and supported joint venture negotiations and contract development.

Petroperu Refinery Performance Analysis

Performed a comprehensive technical and economic evaluation of three Petroperu refineries located in La Pampilla, Conchán, and Talara. The analysis identified operational improvements and quantified the economic impact of both incremental upgrades and larger capital investment projects.

Colombian Refinery Upgrade Study

Advised a client on potential configuration upgrades for an existing lubricant refinery. The engagement evaluated processing options, including hydrocracking technology for lubricant production, and applied extensive PIMS modeling to assess the technical and economic benefits of proposed modifications.