REFINING YOUR SHUTDOWNS: GAUGING THE INDUSTRY AND CRACKING THE TURNAROUND CODE
When the oil price significantly drops, most of the hydrocarbons industry goes into a state of meltdown. However, in the downstream sector, the nose-diving materials costs can generate a generous increase in profitability for the part of the industry that is, traditionally, the most squeezed. Keeping your facility online and raking in the cash while times are good is of the utmost importance, so making sure your refinery is shutdown and turned around safely, within budget and on time is absolutely crucial.
The following infographic is based on a poll conducted by Oil & Gas IQ into trends in the shutdown and turnarounds space. As you will see, although things may be looking up for refining margins, it is not all plain sailing for those charged with keeping these facilities in shipshape condition….
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