In this post I want to share how to estimate total capital cost of flare system. Since the post is quite long, I will divide it into 3 posts:
- Part 1 will explain how to estimate equipment cost
- Part 2 will explain how to estimate installation cost
- Part 3 will explain total capital cost
In the last part, I will also post a free spreadsheet on how to estimate capital cost of flare system described in every post.
For disclaimer, the accuracy of this cost estimation is ±30% (study estimate). Apply for tip flare tip diameter ranging from 1-60 in and stack heights ranging from 30-500 ft. Standard construction material is carbon steel.
The cost is based on 2017$ basis.
