Staatsolie Annual Report 2017

More documents

Recommendations

Info

Confidence in Our Own Abilities 18 Downstream Refinery & Marketing Operations Production of high end fuel products enjoyed significant year-on-year improvement. In 2017, we began to reap the rewards of the significant work we undertook in 2016 and early 2017 to improve both our processes and people skills at the refinery. Higher reliability was realized by adding additional robustness to equipment to better cope with irregular power supply and replacing parts of the Pressure-Swing-Absorption control valves. Securing higher reliability and therefore higher availability led to higher utilization and production. Average availability across the year was 88% utilization against a target of 79% of the installed capacity for high end products. Early in 2017 we had a planned stop to replace the hydrogen unit catalytic converter. Subsequently, the emphasis in day-to-day operations was on increasing safety awareness, training staff and process optimization to reduce costs. In the last week of the year we also undertook a capacity test on the hydrocracker unit, with success in running the hydrocracker at 100% capacity for 72 hours while maintaining product quality. We will build on this successful test in 2018. Overall, our refinery teams’ efforts across 2016 and 2017 resulted in the production of 2.7 MMbbls high-end products (diesel and gasoline), compared to 1.8 MMbbls in 2016. With the significant work we have undertaken to date and the improvements we have made in our processes, we remain confident we will reach our target of 10,500 bbls of high-end products a day by 2020. Total sales of petroleum products including trading and after elimination of intra company sales amounted to 5.82 MMbbls in 2017, a decrease of 1.2% compared to 2016. In 2017 54% more Staatsolie high-end products (gasoline and diesel) were sold compared to 2016, resulting in higher gross revenues. Total sales 2017 2016 Diesel 1,985,878 1,416,296 Gasoline 593,257 357,586 Fuel Oil 3,221,224 4,249,380 Asphalt 24,425 36,499 Total 5,824,784 6,059,761 A higher production of high-end products resulted in a lower fuel oil production. Staatsolie Power Company Suriname N.V. Across 2017 SPCS achieved 100% availability and reliability of electricity delivery to the Staatsolie refinery, there were no refinery outages as a result of electrical supply issues. SPCS delivered 335,056 MWh to the grid and 90,500 MWh to the Staatsolie refinery at an average load of 10.3 MW and 26,042 tons of process steam (2016: 82,000 MWh of electrical energy and 37,165 tons of process steam). The low utilization of the process steam generating capacity is mainly due to the aforementioned engine breakdowns as these units are equipped with exhaust gas steam boilers. SPCS commissioned a reliability improvement program in October 2017, aimed at maintaining reliability of supply to the refinery and improving the availability of power to the national grid. To add additional robustness to our processes, SPCS is currently going through the ISO9001:2015 certification process. The certification audit is scheduled for July 2018. Staatsolie is in the process of securing the power supply for upstream crude oil production. Plans are to build a 12 MW power plant at the upstream, which we anticipate will be accommodated within SPCS.
Drilling operations in the Tambaredjo Northwest oilfield. Annual Report 2017 19
Page 1: Staatsolie Maatschappij Suriname N.
Page 4 and 5: Confidence in Our Own Abilities Vis
Page 6 and 7: Confidence in Our Own Abilities Sup
Page 8 and 9: Confidence in Our Own Abilities 8 G
Page 10 and 11: Confidence in Our Own Abilities 10
Page 44 and 45: Confidence in Our Own Abilities Not
Page 46 and 47: Confidence in Our Own Abilities 6.2
Page 68 and 69:
Page 68 Confidence in Our Own Abili
Page 70 and 71:
Confidence in Our Own Abilities 70
Page 72 and 73:
Page 74 and 75:
Page 76 and 77:
Page 78 and 79:
Page 80 and 81:
Page 82 and 83:
Page 84 and 85:
Page 86 and 87:
Page 88 and 89:
Page 90 and 91:
Page 92 and 93:
Page 94 and 95:
Page 96 and 97:
Page 98 and 99:
Page 100 and 101:
Page 102 and 103:
Page 105:
Annual Report 2017 104 Staatsolie M
Page 109 and 110:
Page 111 and 112:
Page 113 and 114:
Page 116 and 117:
Page 118 and 119:
Page 121 and 122:
Page 123:
Page 126:
Page 129 and 130:
Page 131 and 132:
Page 133 and 134:
Page 135 and 136:
Page 137 and 138:
Page 139 and 140:
Page 141 and 142:
Page 143 and 144:
Page 145 and 146:
Page 147 and 148:
Page 149 and 150:
Page 151 and 152:
Page 153 and 154:
Page 155 and 156:
Page 157 and 158:
Page 159 and 160:
Page 161:
Contact Information Head Office Dr.
show all

Staatsolie Annual Report 2017

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?