What is refinery turnaround season?
What is refinery turnaround season?
Twice a year, spring and fall, oil refineries go through a turnaround (a planned break in production) that allows for contractors to come in and perform scheduled maintenance on equipment and operations. The effects of a oil refinery turnaround can make a difference in the supply availability for retail fuel outlets.
What is turnaround time in oil and gas?
In the oil and gas and refining industries, many companies plan turnarounds every 3-5 years. Turnarounds can take weeks to even a few months to complete depending solely on the extent of the project and any problems that come up throughout the process.
What is an oil refinery turnaround?
A turnaround – which is sometimes referred to as a TAR – is a highly-expensive planned period of regeneration in a plant or refinery. During this time, an entire part of the operation is offlined whilst plants are inspected and revamped.
What refineries are shutting down?
The nation’s largest crude oil refiner Marathon Petroleum (MPC. N) shut three refineries while energy major Shell (RDSa. L) and independent refiner HollyFrontier (HFC. N) each shut one in 2020.
What is turnaround in process plant?
A plant turnaround is a scheduled stoppage of part or all of a plant’s operations. Usually, operations need to stop for maintenance, to replace equipment, to upgrade energy resources or to maintain regulatory compliance. 82% of all turnarounds do not satisfy performance requirements.
Is the first step in turnaround strategy?
The first part of this is to scope the strengths, weaknesses, opportunities and threats (SWOT analysis) of the business. It is important during this stage to not only look internally (strengths and weaknesses) but to strategically analyse the external environment (opportunities and threats) as well.
What are the stages of turnaround strategy?
- 3 Stages of Turnaround Management.
- Stage 1 – Assess Viability.
- Stage 2 – Stabilise and Develop Strategy.
- Stage 3 – Implementation and Monitoring.