API Standard 653 addresses issues related to the inspection, repair, alteration and reconstruction of steel storage tanks built according to API Standard 650 or API 12C to help maintain tank integrity. Although the standard covers three types of tank settlement, namely edge, bottom and shell, this paper focuses on the assessment of shell settlement. It also provides a comparison between an analytical model based on API Standard 653 and a finite element analysis (FEA) model that replicates field operating loading and settlement conditions of storage tanks. A basis for comparison between both models was established from the maximum allowable settlement and strain values. Several scenarios were generated using actual field data collected from steel storage tanks located in Alberta to illustrate the correlation between the two models. Specific information on the storage tanks under consideration cannot be disclosed for confidentiality reasons.

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