Environmental liability assessments at PTS facilities
- INTERA, Inc., Dallas, TX (United States)
Pipeline, Terminal and Storage (PTS) facilities have inherent environmental liabilities due to the handling and use of hazardous materials and the potential for release to the environment. Defining the potential cost of the environmental liability for a PTS facility requires assessment of the activities, events, and facilities which may contribute to environmental damage. Such environmental liability assessments contain significant uncertainty. The extent of contamination, potential for a spill, probable environmental damage from a spill, or remediation cost of existing contamination may not be known. Including the uncertainty in such assessments provides a more realistic portrayal of the potential environmental liability of a PTS facility than a simple deterministic assessment. The environmental liabilities which may be associated with PTS facilities are presented in Section 2. An approach to cost risk assessment of environmental liabilities is discussed in Section 3, followed by an example cost risk analysis in Section 4 and a brief summary in Section 5.
- OSTI ID:
- 176038
- Report Number(s):
- CONF-950152--
- Country of Publication:
- United States
- Language:
- English
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