Probabilistic approach for the optimization of pipework inspection and maintenance

Fluctuating oil and gas prices, coupled with initiatives toward energy security, drive the global storage market of oil and gas. A tank farm, often referred to as a terminal, is an industrial facility for the storage of the oil and/or petrochemical products. Vopak's biggest terminal, Vopak Terminal Europoort (VTE), has an immense capacity of 25...