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Title: Calculation Of Liquid Quantities By Static Methods
Author: Bob Dix
Source: 2000 International School of Hydrocarbon Measurement
Year Published: 2000
Abstract: All procedures are in conformance with the API Manual of Petroleum Measurement Standards (MPMS), Chapter 12 Section 1, Part 1. The procedures are intended to encourage a uniform approach to calculations where different parties using the same input data are able to reconcile quantities. With todays technology in computers and scientific calculators, it is necessary to specifically define the rules for calculating petroleum quantities. If there is no definition for the number of digits to be entered, the specific rule for rounding, truncating as well as the calculating sequence, then the parties involved in the transaction will arrive at different quantities. The calculation of A x B x C is not always the same as C x A x B and neither of these two may be equal toBxCxA.

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