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This tip is the follow up of the previous tip (April 2016) which investigated the benefits of having a water-draw in a condensate stabilizer column. It will use a commercial simulation software to simulate the performance of an operating stabilizer. In order to take into account the non-ideality of water, the tip will perform three-phase (vapor, liquid hydrocarbon, and aqueous phases) calculations on the trays with excessive water rates. Specifically, it will study the influence of the column temperature profile and water partial pressure profile on the optimum location of water-draw tray in the column. It will also study the impact of the upstream 3-phase separator temperature on the reboiler, condenser, feed-stabilized condensate heat exchanger duties, and the reflux pump power. The tip will present a summary of the computer simulation results and the key diagrams for the same case study.

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This tip will investigate the benefits of having a water-draw in a condensate stabilizer. It will use a commercial simulation software to simulate the performance of an operating stabilizer. In order to take into account the non-ideality of water, the tip will perform three-phase (vapor, liquid hydrocarbon, and aqueous phases) calculations on the trays with excessive water rates.

Part 2 - Budgeting Production Activities

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Budgets of various types constitute the principle management vehicle for the formal expression of the company's plans and objectives for a specified period of time. No other management tool is capable of providing the operational direction that can be achieved through a well-planned and developed budget. In this excerpt from Economics of Worldwide Petroleum, we will examine concepts of budgeting for production activities.

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