Q&A

The True Cost Of Custody Transfer Mismeasurement

Source: ABB Measurement & Analytics
The True Cost Of Custody Transfer Mismeasurement

In the oil and gas industry, operations are only as good as what they can measure. When it’s time to move product from one place to another, accurate custody transfer measurement is paramount. Without a precise account of what’s been delivered, operations cannot accurately charge for their services and this can have major financial implications.

To discuss the challenges of accurate custody transfer measurement, we enlisted the help of Harry Kok, Vice President, Global Product Line Manager at ABB. We asked about the potential financial loss from mismeasurements, the options out there for accurate real-time assessments, and how some operations find themselves in court over minor custody transfer errors.