Definition - What does Tank Farm mean?
A Tank Farm is a collection of large number of tanks which store crude oil and petroleum products at the same site. Storage tankages in tank farms that store crude oil are generally located in the vicinity of a refinery whereas storage tankages in tank farms that store petroleum products are in the vicinity of a refinery and in the vicinity of various demand centers at multiple geographic locations as well.
Petropedia explains Tank Farm
Tank Farms are built adjacent to each other on the same piece of land. Sometimes tank farms are also called Oil Depots or Oil Terminals. They are used to store crude oil in large quantities at one place to ensure the pipelines and refineries are always running. Once the crude oil is refined into various petroleum products, these products are stored at Product Tank Farms. Based on the demand from the neighboring demographic locations, the petroleum products are transferred to local tank farms to ensure supply of petroleum products to everyone.
The tank farms that store crude oil are many times located very close to the jetties where crude carriers get unloaded. These tank farms are connected to the jetties through pipelines which refill the storage tanks placed onshore. Crude oil is then transported to the refineries and further stored in the refinery storage tanks for processing. Similarly when the refined products are to be transported via ocean to other countries, the petroleum products are stored near the shore or near jetties tank farms so that petroleum products can be loaded on the Vessels for transportation.
The storage tanks used in tank farms can be either floating roof storage tanks or fixed roof storage tanks.