Modernizing a Tank Farm

Paper Summary:

This paper explains a project management study based on theoretical information from an extensive literature review in project management, the oil and gas industry and the laws and regulations of Singapore to select the best-practiced methods for tank farm management in the U.S. and U.K., which are suitable inferences to the requirements for tank farm management. The author points out that upgrading the tank farms is an important undertaking for any refinery wishing to improve their facilities and manage the risks of operating a highly risky industry because more stringent environmental regulations can help reduce many disasters and help companies focus their attention on areas that need improvements and changes. The paper stresses that every project is unique depending on the conditions that exist both within and out of the organization undertaking the project; therefore, upgrading a tank farm requires that the organization understand the final objectives of why the upgrade is essential and needed.

Table of Contents
Introduction
Background
Statement of the Issue
Importance
Limitations
Definition of Terms
Assumptions
Review of Project Requirements
Creation of a Project Team for the Purpose of Modernizing the Tank
"FarmProject" Team Selection
Project Team Stages
Decision Styles and Team Leadership
Managing a Tank Farm and the Variables affecting the Management
Petroleum Storage Classification
Permit Requirements and Government Guidelines in Singapore
Problems associated with Tanks Used for Petroleum and Crude Oil Storage
Identification of the Work Scope and the Work Break Down Structure
Work Break Down Process
Planning and Scheduling
Estimation of Time, Cost and Labor
Request for Proposal Caveats, Quotations and Manner of Contract Awards
Scheduling and Milestone Achievements
Worker Performance and Productivity
Quality Control
Methodology
Discussion
Conclusion

From the Paper:

"Singapore with a total area of 692.7 sq km is one of the most prosperous countries in the world. With well-defined trade and commerce in the region, the country has been able to rival the GDP of countries in the developed world. The Asian financial crisis of the 90's however hit the region negatively. Industries and businesses took some time in recovering from this market crash. Refineries were badly impacted due to the overcapacity that had been built into the process in anticipation of the economic boom of the 1990s in the region. The oil companies, Shell and Caltex have consolidated their operations in Singapore and many other refineries have also undertaken some form of restructuring in the region."

More papers on Modernizing a Tank Farm:

• Analytical Essay # 68310 : "Just a Poor Farm Girl"
• Narrative Essay # 92508 : "Tank Technology"
• Essay # 33800 : "Tank Drivers"

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