• Feasibility studies for condensate splitter and other specialty processing projects.
  • Feasibility studies and value opinions of idled and non performing assets including potential repurposing plans.
  • Feasibility studies for major refinery capital investment projects involving process technology selection.

Exemplary Engagements:

  • Prepared a feasibility study and independent engineer report in a U.S. $450+ million refinery upgrade project involving the construction of new processing units and related facilities, plus several modifications to existing units at an integrated major’s USGC refinery. Our Independent Engineer (IE) report included technology assessment, construction plan review, and design of performance and completion tests for the lenders and reviews of the major agreements and contracts with Engineering, Procurement and Construction (EPC) contractors. During the engineering, procurement and construction period, we monitored progress and provided quarterly reports to the lenders.
  • Prepared an extensive feasibility study and IE report for a U.S. $600+ million refinery upgrade project involving the construction of new processing units and related facilities, plus revamps to existing units at a world-scale U.S. refinery. The centerpiece of the expansion was a delayed coker unit and associated modifications to the refinery’s hydroprocessing and other support units. After funding was achieved, we served as IE for the sources of financing during the EPC phases of the project. In this role, we monitored the progress of the major contractors and provided quarterly reports to the lenders. We also designed the lender performance tests and following startup, we verified the completion of these tests.
  • Feasibility study of crude-processing options at an idled Caribbean facility on behalf of the owner of the facility.
  • Feasibility studies of several condensate splitter projects running Eagle Ford streams.
  • Prepared feasibility assessments of the commercial, competitive and macro issues related to a large Eagle Ford condensate splitter and terminal project on behalf of prospective investors.
  • Feasibility study for a crude storage project in southeast Louisiana.
  • Engaged as the Independent Engineer/Owner’s Representative to monitor progress and approve disbursements to the EPC contractor on a US$400+ million project to add a catalytic cracking unit, delayed coker and debottleneck or upgrade several existing units at a large USGC refinery. This project also evaluated the economic feasibility of adding a UOP CCR Unit.

 

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