[International Series in Operations Research & Management Science] Models for Optimum Decision Making Volume 286 (Crude Oil Production and Refining) ||

This book considers the problem of determining how many barrels of crude oil an oil-producing and exporting country should produce annually for export―along with several other important problems that decision-makers in the crude oil industry face―and discusses procedures for finding optimum solutions for them. It considers the important Objective Functions they need in making these critical decisions, and discusses procedures to find the best solutions. Outputs from the treatment units, in an oil refinery are only semi-finished products; these are blended into finished products like gasoline, diesel oil, etc., meeting various specifications that the marketplace demands. The book discusses models for solving these problems optimally with examples. Preface 6 Acknowledgements 9 Reference 10 Contents 11 Contributors 12 1 History of Crude Oil Refining 13 References 20 2 Operations Inside a Crude Oil Refinery 21 References 30 3 How Much Crude Oil Should an Oil Exporting Country Produce Annually for Export? 31 Historical Background 31 The Two Players Involved in the Decision-Making Problem that We Will Discuss 32 History of Saudi Oil Industry 33 The Decision-Making Problem, Background in Early 2015 34 Analysis of the Decision Taken 35 The Procedure that OPEC IS Using Currently to Decide the Oil Production Quota of Each of Its Members 36 Lessons to Be Learnt from the Events over the Last Two Years (2015–2017) 36 Simple Approach to Calculate Crude Oil Export Quota for Each OPEC Country 37 References 39 4 Clustering Problems in Offshore Drilling of Crude Oil Wells 40 Application Involving Clustering Problems in Offshore Drilling 43 References 53 5 A Product Mix Optimization Application at the Saudi ARAMCO Company, Sadara Chemicals 54 Reference 61 6 Blending Operations in Crude Oil Refineries 62 Reference 73 7 Crude Oils Blending Problem in Oil Refineries to Prepare Feedstock into the Crude Distillation Unit 74 References 78 8 Pump Allocation at a New Zealand Oil Refinery 79 Reference 87 Appendix A Index 88 Index 88