Some property owners aren’t aware of the mass responsibility that comes with oil tanks. Some property owners may not even know they have an oil tank. Oil tanks aren’t usually the first topic of conversation but they’re something to be thought about especially when buying a new property. If your property has an oil tank, you should know the maintenance and upkeep of the tank aren’t easy. You may be looking at options to see what you can do with your oil tank, especially if it is inactive.
An inactive oil tank is a danger to your property and the environment. If your oil tank is inactive, it is best to dispose of the tank and the oil. There are mainly two options for doing so: oil tank removal and oil tank abandonment. While these processes are similar and have the same overall goal, they differ in many ways. Here are three differences between oil tank removal and oil tank abandonment.
Oil Tank Removal: The top priority during oil tank removal is to not spill any oil. Removing the oil is the first and most delicate step of this process. Once the oil is removed safety, removing of the tank begins. When done by experienced professionals, this process should be completed within a few hours. During the removal process, the tank will be cut into pieces and all vents and pipes associated with the tank will be removed. If the tank is an underground storage tank, the final step is to sample the soil to make sure no contamination has taken place.
Oil Tank Abandonment: The major difference here is that the tank is not physically removed from the ground. Instead, the oil tank is completely deactivated and all oil and traces oil sludge are removed from the tank. To do this, the top of the tank is removed to ensure proper cleaning of the tank. Then the tank is filled with sand or gravel and all vents and pipes are disconnected from the tank. During oil tank abandonment, the tank is not physically removed from the ground. Because of this, restoration to the property is minimal.
Oil Tank Removal: When taking apart the oil tank and removing it, there is a risk of spilling oil. However, that is the only environmental risk removing an oil tank imposes. Because the tank is taken out of the ground it can no longer cause harm to the environment.
Oil Tank Abandonment: The purpose of removing an oil tank is to eliminate environmental issues. Oil tank abandonment is a simple process compared to removal but it comes with some environmental risk. While every measure is taken to remove oil from the tank, there can be no guarantees which leave your property open to contamination in the future.
Oil Tank Removal: Having an oil tank on your property is never good for your property value. When you remove an oil tank from your property, you no longer have to deal with this. Removing an oil tank from your property can decrease your insurance rates as you are removing a huge environmental risk. Additionally, if you choose to sell your property one day, removing the tank can increase the overall value.
Oil Tank Abandonment: Because the tank remains on your property during oil tank abandonment, the value of your property will likely remain the same. Your property stills faces environmental risks and it is still a hassle to even have an inactive oil tank on your property.
No matter which process you decide to undergo, make sure to put your property in the hands of a professional. Oil Tank Solutions have been leaders in environmental constructions for decades and we’re ready to help you. Give us a call to get started.