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Title: Resolving Liquid Measurement Differences Lm 2350
Author: C. Stewart Ash, P.E.
Source: 2000 International School of Hydrocarbon Measurement
Year Published: 2000
Abstract: Unlike sums of money, quantities of oil cannot be measured with the complete elimination of errors or uncertainties. The resulting differences can have definite financial impacts. The objective of good measurement is to minimize the errors and uncertainties, and thus the financial impact, by measuring to high standards. In the United States, most commercial contracts state that the measurements must be made in accordance with the American Petroleum Institutes Manual of Petroleum Measurement Standards (MPMS). These standards are consensus standards developed to address broad issues, and thus may need to be supplemented by company standards to address specific issues.

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