cost of crude oil tanks

Question

cost of crude oil tanks

exCLP (Civil/Environmental)

(OP)

13 Apr 07 19:48

Anyone have rough pricing on crude oil tanks, with internal floaters? I am looking at having to build a relatively small 10,000 bbl. tank.

GregLamberson (Petroleum) · Answer 1 · 2007-04-14 13:38:43

And what kind, floating roof, etc.

Greg Lamberson, BS, MBA
Consultant - Upstream Energy
Website: www.oil-gas-consulting.com

exCLP (Civil/Environmental) · Answer 2 · 2007-04-16 11:32:18

Location: Rockies
Roof: Cone, with internal floating roof (IFR)

GregLamberson (Petroleum) · Answer 3 · 2007-04-16 11:40:21

exCLP

This is broad brush, but if you are building it in 3Q this year, I would peg it at around $510K. This is for a 10,000 bbl field erected cone roof tank in the US.

This does not include site work, foundations, etc. It is for field erection of the tank only. FYI - there is 8.5% sales tax, 5% design allowance, and a 30% material allowance calculated in. This cost is factored and extracted from a large data base of recent historical costs worldwide.

Greg Lamberson, BS, MBA
Consultant - Upstream Energy
Website: www.oil-gas-consulting.com

exCLP (Civil/Environmental) · Answer 4 · 2007-04-16 12:02:18

RE: cost of crude oil tanks

exCLP (Civil/Environmental)

(OP)

16 Apr 07 12:02

Thanks GregLaberson!

exCPL

JStephen (Mechanical) · Answer 5 · 2007-04-16 17:07:30

I would say that it is running on the high side, but hard to say with no more specifics.

The Rockies run from Mexico into Canada, btw.

GregLamberson (Petroleum) · Answer 6 · 2007-04-16 17:27:17

A factored, conceptual type estimate is going to be on the side. Only with more detail will you get to a more accurate cost.

If I had to plug in a number on feasibility estimate, the $510K is a good number considering all of the unknowns, location, cost of steel, availability of contractors, etc.

Greg Lamberson, BS, MBA
Consultant - Upstream Energy
Website: www.oil-gas-consulting.com

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cost of crude oil tanks