Due to the very nature of oil business, deviations from the plan are bound to occur. The causes for deviation are many which include internal factors such as unplanned shutdowns of process units, inferior catalyst performance, blending inefficiencies or external factors such as price volatility, aberrations in crude availability and fluctuating demands of petroleum products to name a few. Key decision makers should know the planned vs. actual performance gaps so that they can make the necessary decisions to improve their strategies.
“Retro-analysis”, using LP tools such as PIMS, GRTMPS, RPMS serves as a useful handle to minimize the gaps between Plan and Actual scenarios. The analysis usually involves a series of LP runs with the latest production plan for the month as the base case and using the same LP model used to prepare the plan.Actual data (yield, throughputs, process data, qualities etc.) is introduced into the model case-by-case to analyse the refinery performance under various heads.
We at iOG are a team of consultants with rich and vast experience in deploying end-to-end solutions of “Retro-analysis” business process at various refineries across the world.
Read further to know more about:
- Details about Retro Analysis
- Integration with different systems
- iOG offerings for Retro Analysis