Oil Refining and Commodity Trading

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Case Study

Independent oil refining and commodity trading company, refining 200,000 barrels per day of crude oil to gasoline and other products.

Revenue

$1.5 billion

Industry

Oil & Gas

Services Provided

Enterprise Performance Improvement

Situation

East Coast refinery of major oil company had been underperforming for many years and was acquired by an independent producer. Managed the post-acquisition integration, and 25% cost reduction over refinery operations, plus the build-out of back-office support for East Coast-based commodity trading operation.

Accomplishments

Enterprise performance improvement project involving process redesign of all major workflows and maintenance operations throughout refinery, resulting in a 25% reduction in labor force while also increasing uptime and throughput of refinery. Nearly doubled throughput with a combination of targeted capital expenditures and changes to process workflows.
Managed the transition of financial systems to support accounting and trading operations, including the hiring of key accounting and back office personnel.