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Case Study

Oil Refining and Commodity Trading

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.