Custody Transfer Measurement in the oil and gas business has been described many ways. It has been called “accuracy in measurement” that both the buyers and sellers can agree upon, or “The best that can be achieved to meet the contract conditions.” But I like to call it “The Search for the Truth.”
Ever since petroleum has been bought and sold, people have searched for better ways to measure on the fly with better accuracies. A big advancement was the pipe prover.
Achieving Better Liquid Measurement Accuracy Using a Slightly Different Perspective
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