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Title: Sediment And Water Testing And Monitoring
Author: Jimmy Raper
Source: 1989 International School of Hydrocarbon Measurement
Year Published: 1989
Abstract: When the custody of crude oil is transferred from one party to another information concerning the transfer is necessary before the accounting can be accomplished. First, the total volume of fluid that is involved in the transfer must be established. This volume is a gaged or metered amount of fluid that has been corrected to a standard temperature (sixty degrees Fahrenheit). Second, the API gravity, which is also corrected to standard temperature, must be known. Third, the volume of non-hydrocarbons or the amount of sediment and water that is present in the total transferred volume must be determined. Fourth, the value or the price per unit volume should be known. After these facts are known, the monies that are to be exchanged may be determined as follows:

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