Improvements in system gain losses across terminal and pipeline tank farms
Presentation to demonstrate how a tank farm and/or a pipeline company could make improvements to their gain losses by 0.015% to 0.025% over a twelve month rolling average through training, updates to instrumentation and improvements in procedures. This equates to a reduction of inventory uncertainty of $59,000 per tank per year (65'x130' TK @ ~50 $ / bbl. A reset as to what is considered normal data collection and acceptable accuracies.
Mike Johnson - Engineering Manager, Oiltanking USA Mikael Helmer - Manager, Business Development, Emerson Lance Berry - General Manager, Emerson