custody transfer measurement & oil loss control · 2017. 12. 5. · custody transfer in the oil...
TRANSCRIPT
![Page 1: CUSTODY TRANSFER MEASUREMENT & OIL LOSS CONTROL · 2017. 12. 5. · Custody Transfer in the oil and gas industry refers to the transactions involving transferring physical properties](https://reader035.vdocuments.site/reader035/viewer/2022062610/61218750f583720b975b5821/html5/thumbnails/1.jpg)
CUSTODY TRANSFER MEASUREMENT & OIL LOSS CONTROL Qasim BARSHOVI Petroleum Consultant, Geneva, Switzerland
![Page 2: CUSTODY TRANSFER MEASUREMENT & OIL LOSS CONTROL · 2017. 12. 5. · Custody Transfer in the oil and gas industry refers to the transactions involving transferring physical properties](https://reader035.vdocuments.site/reader035/viewer/2022062610/61218750f583720b975b5821/html5/thumbnails/2.jpg)
OIL LOSS CONTROL
Qasim BARSHOVI Petroleum Consultant, Geneva, Switzerland
![Page 3: CUSTODY TRANSFER MEASUREMENT & OIL LOSS CONTROL · 2017. 12. 5. · Custody Transfer in the oil and gas industry refers to the transactions involving transferring physical properties](https://reader035.vdocuments.site/reader035/viewer/2022062610/61218750f583720b975b5821/html5/thumbnails/3.jpg)
Question …
In your opinion, what are the possible reasons or factors for Gain or Losses ? - S+W - Meter Factor - ???
![Page 4: CUSTODY TRANSFER MEASUREMENT & OIL LOSS CONTROL · 2017. 12. 5. · Custody Transfer in the oil and gas industry refers to the transactions involving transferring physical properties](https://reader035.vdocuments.site/reader035/viewer/2022062610/61218750f583720b975b5821/html5/thumbnails/4.jpg)
Oil Loss Control Concept Qasim BARSHOVI Petroleum Consultant, Geneva, Switzerland
![Page 5: CUSTODY TRANSFER MEASUREMENT & OIL LOSS CONTROL · 2017. 12. 5. · Custody Transfer in the oil and gas industry refers to the transactions involving transferring physical properties](https://reader035.vdocuments.site/reader035/viewer/2022062610/61218750f583720b975b5821/html5/thumbnails/5.jpg)
Typical reason for Gain or Loss
physical gains or losses,
discrepancies or errors in volume measurement, sampling and laboratory testing methods,
inconsistencies or errors in calculations,
![Page 6: CUSTODY TRANSFER MEASUREMENT & OIL LOSS CONTROL · 2017. 12. 5. · Custody Transfer in the oil and gas industry refers to the transactions involving transferring physical properties](https://reader035.vdocuments.site/reader035/viewer/2022062610/61218750f583720b975b5821/html5/thumbnails/6.jpg)
Evaporative Loss Cargo Retention Cargo Diversion Undetected ROB
Typical physical Gain & Loss
![Page 7: CUSTODY TRANSFER MEASUREMENT & OIL LOSS CONTROL · 2017. 12. 5. · Custody Transfer in the oil and gas industry refers to the transactions involving transferring physical properties](https://reader035.vdocuments.site/reader035/viewer/2022062610/61218750f583720b975b5821/html5/thumbnails/7.jpg)
Calibration Errors Gauging Errors Temperature Errors Sampling Errors Testing Errors ……
Typical measurement Gain or Loss
![Page 8: CUSTODY TRANSFER MEASUREMENT & OIL LOSS CONTROL · 2017. 12. 5. · Custody Transfer in the oil and gas industry refers to the transactions involving transferring physical properties](https://reader035.vdocuments.site/reader035/viewer/2022062610/61218750f583720b975b5821/html5/thumbnails/8.jpg)
Measurement Tables Errors Calculation Errors
Typical paper Gain or Loss
![Page 9: CUSTODY TRANSFER MEASUREMENT & OIL LOSS CONTROL · 2017. 12. 5. · Custody Transfer in the oil and gas industry refers to the transactions involving transferring physical properties](https://reader035.vdocuments.site/reader035/viewer/2022062610/61218750f583720b975b5821/html5/thumbnails/9.jpg)
Voyage Analysis
Qasim BARSHOVI Petroleum Consultant, Geneva, Switzerland
![Page 10: CUSTODY TRANSFER MEASUREMENT & OIL LOSS CONTROL · 2017. 12. 5. · Custody Transfer in the oil and gas industry refers to the transactions involving transferring physical properties](https://reader035.vdocuments.site/reader035/viewer/2022062610/61218750f583720b975b5821/html5/thumbnails/10.jpg)
Question …
In your opinion, what are the possible reasons or factors for Gain or Losses ? …
![Page 11: CUSTODY TRANSFER MEASUREMENT & OIL LOSS CONTROL · 2017. 12. 5. · Custody Transfer in the oil and gas industry refers to the transactions involving transferring physical properties](https://reader035.vdocuments.site/reader035/viewer/2022062610/61218750f583720b975b5821/html5/thumbnails/11.jpg)
![Page 12: CUSTODY TRANSFER MEASUREMENT & OIL LOSS CONTROL · 2017. 12. 5. · Custody Transfer in the oil and gas industry refers to the transactions involving transferring physical properties](https://reader035.vdocuments.site/reader035/viewer/2022062610/61218750f583720b975b5821/html5/thumbnails/12.jpg)
21 57 29 25 5 9
17 33 45 53 41
13 49 37
1 38
6 14 50 22
46
54 2 10 42
18 58 34 30
26
7 3 19
55
51 39
43 15 27 47
23 31 11 35
59 56 28 8 16 52
32 40 36 4
24 44 60 20
48
12
61
62
63 64
65
66
67 68
69 70
71 72 73
74
75
76
77 78
79
80
![Page 13: CUSTODY TRANSFER MEASUREMENT & OIL LOSS CONTROL · 2017. 12. 5. · Custody Transfer in the oil and gas industry refers to the transactions involving transferring physical properties](https://reader035.vdocuments.site/reader035/viewer/2022062610/61218750f583720b975b5821/html5/thumbnails/13.jpg)
Shore to Vessel Comparison at Loading
Vessel to Vessel Comparison In-transit
Vessel to Shore Comparison at Discharge
Vessel OBQ / ROB Comparison
Bill of Lading & Out-turn Comparison
![Page 14: CUSTODY TRANSFER MEASUREMENT & OIL LOSS CONTROL · 2017. 12. 5. · Custody Transfer in the oil and gas industry refers to the transactions involving transferring physical properties](https://reader035.vdocuments.site/reader035/viewer/2022062610/61218750f583720b975b5821/html5/thumbnails/14.jpg)
PORT / TERMINAL: / OFF ICE: TEL:
VESSEL: VOY #: INSPECTOR(S):
DATE: FILE:
CARGO: CLIENT : REF: Example 1
VOYAGE ANALYSIS REPORT (VAR)Type of Voyage C/P DATE
Load Port /Terminal/Berth Arrived Sailed Discharge Port /Terminal/Berth Arrived Sailed
VCF Table Used:Volume Unit : Supplier Receiver Shore Loading Shore Discharge Vessel Loading Vessel Discharge
6A 6A 54A 54ADESCRIPT ION Density/API TCV FW GSV S+W% S+W * NSV Reference
I. COMPARISON OF SHORE QUANTIT IES IN CUSTODY TRANSFERBill of Lad ing1. 34.50 0 1867315 0.000 (1)
Outtu rn 2. 34.70 0 1857170 0.193 (2)
Diff. 3. (3)=(2) - (1)
Diff. % 4. (4)=(3) / (1) x 100
Recalc. B/L 5. (a) Recalcu late if B/L and O/T use d ifferen t tab les. (5) (a) Vo l. D iff.
I I . VESSEL/SHORE QUANTITIES AT LOADING PORTVessel Sail ing A. 1230 1865602 0.000 (A )
OBQ (All) B. 0 0 0 (B )
Loaded C. L IQUID NON-LIQUID (C)=(A) - (B)
Difference D. (D)=(C)-[(1) OR (5)]
Difference % E. (E )=(D)/[(1)OR(5)]x 100
Load Vessel Ratio F . (F)=(C)/[(1)OR(5)]
Load VEF G. 1.00321 (G)
Theoretical Shore H. (H)=(C) / (G)
Theoretical Shore Diff. I . (I)=(H) - [(1) OR (5)]
Theoretical Shore Diff. % J. (J)=(I)/[(1) OR (5)]x 100
I I I. VESSEL /SHORE QUANTITIES AT DISCHARGE PORTVessel Arrival K. 1144 1868025 0.000 (K )
ROB (All) L . 0 384 391 (L)
Discharged M. L IQUID NON-LIQUID (M) = (K) - (L)
Difference N. (N) = (M) - (2)
Difference % O. (O) = (N) / (2) x 100
Discharge Vessel Ratio P. (P ) = (M) / (2)
Discharge VEF Q. 1.00558 (Q)
Theoretical Shore R. (R) = (M) / (Q)
Theoretical Shore Diff. S. (S ) = (2) - (R)
Theoretical Shore Diff. % T . (T) = (S) / (2) x 100
IV. VESSEL /VESSEL COMPARISON AT LOADING AND DISCHARGE PORT(S) (VCF tab les must be consistent)T ransit Difference U. (U) = (K) - (A)
Difference % V. L IQUID NON-LIQUID (V ) = (U) / (A) x 100
OBQ/ROB Difference W. (W) = (B) - (L)
GSV Diff erence (3) - GSV O BQ (B ) + GS V RO B (L ) * S+W Vol. (1) = S+W% (1) x G SV (1) / 100
Adj GSV Difference X. % * S+W Vol. (2) = S+W% (2) x G SV (2) / 100
Comments :
Prepared by : T it le : Office : Date :
LOADIN DISCHAR SUMMAR
Bbls Gals M� L
V-V TRANSFLoading SummaryDischargeV/V Trans
API Chapter 17.5
![Page 15: CUSTODY TRANSFER MEASUREMENT & OIL LOSS CONTROL · 2017. 12. 5. · Custody Transfer in the oil and gas industry refers to the transactions involving transferring physical properties](https://reader035.vdocuments.site/reader035/viewer/2022062610/61218750f583720b975b5821/html5/thumbnails/15.jpg)
GAIN/LOSS QUANTIFIABLE FACTORS Qasim BARSHOVI Petroleum Consultant, Geneva, Switzerland
![Page 16: CUSTODY TRANSFER MEASUREMENT & OIL LOSS CONTROL · 2017. 12. 5. · Custody Transfer in the oil and gas industry refers to the transactions involving transferring physical properties](https://reader035.vdocuments.site/reader035/viewer/2022062610/61218750f583720b975b5821/html5/thumbnails/16.jpg)
Cargo Gain/Loss Factors Volume Difference
%
Bill of Lading/Outturn GSV Difference
Bill of Lading/Outturn NSV Difference
In-transit Difference
Free water Difference
S+W Difference
OBQ/ROB Difference Vessel/Shore Diffrerence at Loading
Vessel/Shore Diffrerence at Discharge
VCF Table Difference
Load/Discharge VEF difference
![Page 17: CUSTODY TRANSFER MEASUREMENT & OIL LOSS CONTROL · 2017. 12. 5. · Custody Transfer in the oil and gas industry refers to the transactions involving transferring physical properties](https://reader035.vdocuments.site/reader035/viewer/2022062610/61218750f583720b975b5821/html5/thumbnails/17.jpg)
Other Gain/Loss Factors
In-Transit Difference Free Water Difference S+W Difference OBQ/ROB Difference Shore/Ship Difference at Loading Ship/Shore Difference at Discharge VCF or Ctl Tables Difference
![Page 18: CUSTODY TRANSFER MEASUREMENT & OIL LOSS CONTROL · 2017. 12. 5. · Custody Transfer in the oil and gas industry refers to the transactions involving transferring physical properties](https://reader035.vdocuments.site/reader035/viewer/2022062610/61218750f583720b975b5821/html5/thumbnails/18.jpg)
OTHER GAIN/LOSS FACTORS Qasim BARSHOVI Petroleum Consultant, Geneva Switzerland
![Page 19: CUSTODY TRANSFER MEASUREMENT & OIL LOSS CONTROL · 2017. 12. 5. · Custody Transfer in the oil and gas industry refers to the transactions involving transferring physical properties](https://reader035.vdocuments.site/reader035/viewer/2022062610/61218750f583720b975b5821/html5/thumbnails/19.jpg)
Other Gain/Loss Factors
Volumetric Shrinkage Evaporation Losses Crude Oil Washing Undetected ROB Pipelines Contents
![Page 20: CUSTODY TRANSFER MEASUREMENT & OIL LOSS CONTROL · 2017. 12. 5. · Custody Transfer in the oil and gas industry refers to the transactions involving transferring physical properties](https://reader035.vdocuments.site/reader035/viewer/2022062610/61218750f583720b975b5821/html5/thumbnails/20.jpg)
STATISTICAL 2006 - 2015 ANALYSIS Qasim BARSHOVI Petroleum Consultant, Geneva Switzerland
![Page 21: CUSTODY TRANSFER MEASUREMENT & OIL LOSS CONTROL · 2017. 12. 5. · Custody Transfer in the oil and gas industry refers to the transactions involving transferring physical properties](https://reader035.vdocuments.site/reader035/viewer/2022062610/61218750f583720b975b5821/html5/thumbnails/21.jpg)
-0.220-0.200-0.180-0.160-0.140-0.120-0.100-0.080-0.060-0.040-0.0200.000
۲۰۰٦ ۲۰۰۷ ۲۰۰۸ ۲۰۰۹ ۲۰۱۰ ۲۰۱۱ ۲۰۱۲ ۲۰۱۳ ۲۰۱٤ ۲۰۱٥
NSV Loss
![Page 22: CUSTODY TRANSFER MEASUREMENT & OIL LOSS CONTROL · 2017. 12. 5. · Custody Transfer in the oil and gas industry refers to the transactions involving transferring physical properties](https://reader035.vdocuments.site/reader035/viewer/2022062610/61218750f583720b975b5821/html5/thumbnails/22.jpg)
-0.220-0.200-0.180-0.160-0.140-0.120-0.100-0.080-0.060-0.040-0.0200.000
۲۰۰٦ ۲۰۰۷ ۲۰۰۸ ۲۰۰۹ ۲۰۱۰ ۲۰۱۱ ۲۰۱۲ ۲۰۱۳ ۲۰۱٤ ۲۰۱٥
NSV & TCV Loss NSV Loss TCV Loss
![Page 23: CUSTODY TRANSFER MEASUREMENT & OIL LOSS CONTROL · 2017. 12. 5. · Custody Transfer in the oil and gas industry refers to the transactions involving transferring physical properties](https://reader035.vdocuments.site/reader035/viewer/2022062610/61218750f583720b975b5821/html5/thumbnails/23.jpg)
-0.050-0.040-0.030-0.020-0.0100.0000.0100.0200.0300.0400.050
۲۰۰٦ ۲۰۰۷ ۲۰۰۸ ۲۰۰۹ ۲۰۱۰ ۲۰۱۱ ۲۰۱۲ ۲۰۱۳ ۲۰۱٤ ۲۰۱٥
Water Difference
![Page 24: CUSTODY TRANSFER MEASUREMENT & OIL LOSS CONTROL · 2017. 12. 5. · Custody Transfer in the oil and gas industry refers to the transactions involving transferring physical properties](https://reader035.vdocuments.site/reader035/viewer/2022062610/61218750f583720b975b5821/html5/thumbnails/24.jpg)
-0.300
-0.250
-0.200
-0.150
-0.100
-0.050
0.000
0.050
0.100
۲۰۰٦ ۲۰۰۷ ۲۰۰۸ ۲۰۰۹ ۲۰۱۰ ۲۰۱۱ ۲۰۱۲ ۲۰۱۳ ۲۰۱٤ ۲۰۱٥
Load & Discharge Loss
Discharge Loss Load Loss
![Page 25: CUSTODY TRANSFER MEASUREMENT & OIL LOSS CONTROL · 2017. 12. 5. · Custody Transfer in the oil and gas industry refers to the transactions involving transferring physical properties](https://reader035.vdocuments.site/reader035/viewer/2022062610/61218750f583720b975b5821/html5/thumbnails/25.jpg)
0.99600
0.99700
0.99800
0.99900
1.00000
1.00100
1.00200
1.00300
1.00400
1.00500
۲۰۰٦ ۲۰۰۷ ۲۰۰۸ ۲۰۰۹ ۲۰۱۰ ۲۰۱۱ ۲۰۱۲ ۲۰۱۳ ۲۰۱٤ ۲۰۱٥
Load & Discharge VEF
VEFL VEFD
![Page 26: CUSTODY TRANSFER MEASUREMENT & OIL LOSS CONTROL · 2017. 12. 5. · Custody Transfer in the oil and gas industry refers to the transactions involving transferring physical properties](https://reader035.vdocuments.site/reader035/viewer/2022062610/61218750f583720b975b5821/html5/thumbnails/26.jpg)
Custody Transfer Measurement Qasim BARSHOVI Petroleum Consultant, Geneva, Switzerland
![Page 27: CUSTODY TRANSFER MEASUREMENT & OIL LOSS CONTROL · 2017. 12. 5. · Custody Transfer in the oil and gas industry refers to the transactions involving transferring physical properties](https://reader035.vdocuments.site/reader035/viewer/2022062610/61218750f583720b975b5821/html5/thumbnails/27.jpg)
Source of Custody Transfer Measurement Qasim BARSHOVI Petroleum Consultant, Geneva, Switzerland
![Page 28: CUSTODY TRANSFER MEASUREMENT & OIL LOSS CONTROL · 2017. 12. 5. · Custody Transfer in the oil and gas industry refers to the transactions involving transferring physical properties](https://reader035.vdocuments.site/reader035/viewer/2022062610/61218750f583720b975b5821/html5/thumbnails/28.jpg)
Custody Transfer Measurement
![Page 29: CUSTODY TRANSFER MEASUREMENT & OIL LOSS CONTROL · 2017. 12. 5. · Custody Transfer in the oil and gas industry refers to the transactions involving transferring physical properties](https://reader035.vdocuments.site/reader035/viewer/2022062610/61218750f583720b975b5821/html5/thumbnails/29.jpg)
Tank Measurement Qasim BARSHOVI Petroleum Consultant, Geneva, Switzerland
![Page 30: CUSTODY TRANSFER MEASUREMENT & OIL LOSS CONTROL · 2017. 12. 5. · Custody Transfer in the oil and gas industry refers to the transactions involving transferring physical properties](https://reader035.vdocuments.site/reader035/viewer/2022062610/61218750f583720b975b5821/html5/thumbnails/30.jpg)
Static Measurement System Shore Tanks Ship Tanks
![Page 31: CUSTODY TRANSFER MEASUREMENT & OIL LOSS CONTROL · 2017. 12. 5. · Custody Transfer in the oil and gas industry refers to the transactions involving transferring physical properties](https://reader035.vdocuments.site/reader035/viewer/2022062610/61218750f583720b975b5821/html5/thumbnails/31.jpg)
Static Measurement System Shore Tanks Ship Tanks
![Page 32: CUSTODY TRANSFER MEASUREMENT & OIL LOSS CONTROL · 2017. 12. 5. · Custody Transfer in the oil and gas industry refers to the transactions involving transferring physical properties](https://reader035.vdocuments.site/reader035/viewer/2022062610/61218750f583720b975b5821/html5/thumbnails/32.jpg)
Meter Measurement Qasim BARSHOVI Petroleum Consultant, Geneva, Switzerland
![Page 33: CUSTODY TRANSFER MEASUREMENT & OIL LOSS CONTROL · 2017. 12. 5. · Custody Transfer in the oil and gas industry refers to the transactions involving transferring physical properties](https://reader035.vdocuments.site/reader035/viewer/2022062610/61218750f583720b975b5821/html5/thumbnails/33.jpg)
UPSTREAM
HEADER
DOWNSTREAM
HEADER
Upstream Valve Downstream Valve
Flow Meter
Dynamic Measurement System
Flow-In
Flow-Out
![Page 34: CUSTODY TRANSFER MEASUREMENT & OIL LOSS CONTROL · 2017. 12. 5. · Custody Transfer in the oil and gas industry refers to the transactions involving transferring physical properties](https://reader035.vdocuments.site/reader035/viewer/2022062610/61218750f583720b975b5821/html5/thumbnails/34.jpg)
UPSTREAM HEADER
DOWNSTREAM HEADER
PROVER
PROVER HEADER
Detectors
4-Way Valve
Upstream Valve Downstream Valve
Flow Meter Prover Valve
Flow Control Valve
Sphere
Flow
Flow
Flow
Flow Flow
Flow
Flow-Out
Flow-In
Dynamic Measurement System
![Page 35: CUSTODY TRANSFER MEASUREMENT & OIL LOSS CONTROL · 2017. 12. 5. · Custody Transfer in the oil and gas industry refers to the transactions involving transferring physical properties](https://reader035.vdocuments.site/reader035/viewer/2022062610/61218750f583720b975b5821/html5/thumbnails/35.jpg)
Ship Measurement Qasim BARSHOVI Petroleum Consultant, Geneva, Switzerland
![Page 36: CUSTODY TRANSFER MEASUREMENT & OIL LOSS CONTROL · 2017. 12. 5. · Custody Transfer in the oil and gas industry refers to the transactions involving transferring physical properties](https://reader035.vdocuments.site/reader035/viewer/2022062610/61218750f583720b975b5821/html5/thumbnails/36.jpg)
Static Measurement System Shore Tanks
Ship Tanks
![Page 37: CUSTODY TRANSFER MEASUREMENT & OIL LOSS CONTROL · 2017. 12. 5. · Custody Transfer in the oil and gas industry refers to the transactions involving transferring physical properties](https://reader035.vdocuments.site/reader035/viewer/2022062610/61218750f583720b975b5821/html5/thumbnails/37.jpg)
Static Measurement System Shore Tanks
Ship Tanks
![Page 38: CUSTODY TRANSFER MEASUREMENT & OIL LOSS CONTROL · 2017. 12. 5. · Custody Transfer in the oil and gas industry refers to the transactions involving transferring physical properties](https://reader035.vdocuments.site/reader035/viewer/2022062610/61218750f583720b975b5821/html5/thumbnails/38.jpg)
Static Measurement System Shore Tanks
Ship Tanks
![Page 39: CUSTODY TRANSFER MEASUREMENT & OIL LOSS CONTROL · 2017. 12. 5. · Custody Transfer in the oil and gas industry refers to the transactions involving transferring physical properties](https://reader035.vdocuments.site/reader035/viewer/2022062610/61218750f583720b975b5821/html5/thumbnails/39.jpg)
Custody Transfer Agreement Qasim BARSHOVI Petroleum Consultant, Geneva, Switzerland
![Page 40: CUSTODY TRANSFER MEASUREMENT & OIL LOSS CONTROL · 2017. 12. 5. · Custody Transfer in the oil and gas industry refers to the transactions involving transferring physical properties](https://reader035.vdocuments.site/reader035/viewer/2022062610/61218750f583720b975b5821/html5/thumbnails/40.jpg)
Custody Transfer in the oil and gas industry refers to the transactions involving transferring physical properties from one party (SELLER) to another (BUYER)
![Page 41: CUSTODY TRANSFER MEASUREMENT & OIL LOSS CONTROL · 2017. 12. 5. · Custody Transfer in the oil and gas industry refers to the transactions involving transferring physical properties](https://reader035.vdocuments.site/reader035/viewer/2022062610/61218750f583720b975b5821/html5/thumbnails/41.jpg)
All international transportation start with a BUYER, a SELLER and a sales CONTRACT.
![Page 42: CUSTODY TRANSFER MEASUREMENT & OIL LOSS CONTROL · 2017. 12. 5. · Custody Transfer in the oil and gas industry refers to the transactions involving transferring physical properties](https://reader035.vdocuments.site/reader035/viewer/2022062610/61218750f583720b975b5821/html5/thumbnails/42.jpg)
Custody Transfer includes the transferring of Crude Oil and Petroleum Products between tanks and tanks, tanks and ships and other transactions.
![Page 43: CUSTODY TRANSFER MEASUREMENT & OIL LOSS CONTROL · 2017. 12. 5. · Custody Transfer in the oil and gas industry refers to the transactions involving transferring physical properties](https://reader035.vdocuments.site/reader035/viewer/2022062610/61218750f583720b975b5821/html5/thumbnails/43.jpg)
Once the price and the specifications are agreed, then parties must agree on how to get the cargo from seller to buyer.
![Page 44: CUSTODY TRANSFER MEASUREMENT & OIL LOSS CONTROL · 2017. 12. 5. · Custody Transfer in the oil and gas industry refers to the transactions involving transferring physical properties](https://reader035.vdocuments.site/reader035/viewer/2022062610/61218750f583720b975b5821/html5/thumbnails/44.jpg)
Both parties agree on:
the product, the quality, the quantity, the ship, the port of delivery, the delivery date(s), the operations procedures for delivery, the documentation.
![Page 45: CUSTODY TRANSFER MEASUREMENT & OIL LOSS CONTROL · 2017. 12. 5. · Custody Transfer in the oil and gas industry refers to the transactions involving transferring physical properties](https://reader035.vdocuments.site/reader035/viewer/2022062610/61218750f583720b975b5821/html5/thumbnails/45.jpg)
Custody Transfer procedures:
The contractual agreement for a transaction accepted method(s) for quantity and quality measurement is the Custody Transfer procedures.
![Page 46: CUSTODY TRANSFER MEASUREMENT & OIL LOSS CONTROL · 2017. 12. 5. · Custody Transfer in the oil and gas industry refers to the transactions involving transferring physical properties](https://reader035.vdocuments.site/reader035/viewer/2022062610/61218750f583720b975b5821/html5/thumbnails/46.jpg)
Crude oil and petroleum products are usually traded in units of volume, at standard temperature (60˚F or 15˚C) or weight (in Air or Vacuum).
Operation procedures:
![Page 47: CUSTODY TRANSFER MEASUREMENT & OIL LOSS CONTROL · 2017. 12. 5. · Custody Transfer in the oil and gas industry refers to the transactions involving transferring physical properties](https://reader035.vdocuments.site/reader035/viewer/2022062610/61218750f583720b975b5821/html5/thumbnails/47.jpg)
It should also specify what sample will be used for custody transfer purposes and the exact standards for analytical specifications and procedures.
Operation procedures:
![Page 48: CUSTODY TRANSFER MEASUREMENT & OIL LOSS CONTROL · 2017. 12. 5. · Custody Transfer in the oil and gas industry refers to the transactions involving transferring physical properties](https://reader035.vdocuments.site/reader035/viewer/2022062610/61218750f583720b975b5821/html5/thumbnails/48.jpg)
Although the custody transfer procedures are agreed, but many sales contracts do not specify a BACKUP measurement method(s) in term of custody transfer in the event of a problem or malfunction.
Operation procedures:
![Page 49: CUSTODY TRANSFER MEASUREMENT & OIL LOSS CONTROL · 2017. 12. 5. · Custody Transfer in the oil and gas industry refers to the transactions involving transferring physical properties](https://reader035.vdocuments.site/reader035/viewer/2022062610/61218750f583720b975b5821/html5/thumbnails/49.jpg)
Field Information Qasim BARSHOVI Petroleum Consultant, Geneva Switzerland
![Page 50: CUSTODY TRANSFER MEASUREMENT & OIL LOSS CONTROL · 2017. 12. 5. · Custody Transfer in the oil and gas industry refers to the transactions involving transferring physical properties](https://reader035.vdocuments.site/reader035/viewer/2022062610/61218750f583720b975b5821/html5/thumbnails/50.jpg)
Measurements used for custody transfer Shore Tanks Vessel Tanks Meters
![Page 51: CUSTODY TRANSFER MEASUREMENT & OIL LOSS CONTROL · 2017. 12. 5. · Custody Transfer in the oil and gas industry refers to the transactions involving transferring physical properties](https://reader035.vdocuments.site/reader035/viewer/2022062610/61218750f583720b975b5821/html5/thumbnails/51.jpg)
T H A N K Y O U Qasim BARSHOVI Petroleum Consultant, Geneva, Switzerland