Huhehot Petrochemical Expansion Project Risk Management Case Studies

The Petro China Huhehot Petrochemical company is Inner Mongolia regions within the only one refinery processing enterprises, located in the Inner Mongolia region in central the economic circle Hubaoe", the region is the Inner Mongolia region’s most economically developed areas, the refined oil consumption accounts for more than56%of the region’s consumption. Expansion of Huhehot Petrochemical company before processing capacity of1.5million tons/year, the device small-scale, high energy consumption, the equipment is relatively backward, and large do not have the economies of scale, can no longer meet the need of the region’s rapid economic development. In order to meet the local demand for oil products, to promote frontier minority areas sustained and rapid economic development, Huhehot Petrochemical company expansion project officially construction in2009.Petrochemical projects with large-scale, long cycle, technical complexity involved in the processes, materials, piping, equipment, civil, structural, electrical, instrumentation, material medium to the drainage, the total figure, and a wide range of professional, flammable, explosive, toxic, corrosive, and other characteristics of the process of project construction, there are many uncertain factors, have a greater risk than the general project.On oil projects is not enough awareness of risk management, the vast majority of companies do not form an effective scientific project risk management system, and the theories and methods are not mature, small application practice is not enough to support the project risk management decision-making efforts. Therefore, it is necessary to carry out a more systematic study of petroleum engineering project risk management issues, call petrochemical500tons capacity expansion project risk management case studies as an attempt to enrich the practice of chinese petroleum engineering project risk management.