Cost reduction of cylindrical steel oil storage tanks

Abstract

With the growing demand for strategically storing bulk liquids, the cost of the storage tanks gained large importance. This cost has the greatest influence on the overall projects cost. Hence, reducing the price of a tank is of prime importance. In this sense, the shell design, specifically the thickness of the different shell courses, play an important role along with steel plate specifications and the Manpower that it takes for construction. In this paper, parametric studies with respect to the specifications of steel plates and needed Manpower to construct the shell are performed. Different shell diameters are taken into consideration and the analysis is performed according to API 650 Standard.