A new methodology for cost-benefit-risk analysis of oil metering station layouts

This presentation focused on how the risk associated with meter failure may be incorporated in a traditional cost-benefit analysis.

A new methodology for cost benefit-risk analysis of oil  metering station layouts

Custody transfer oil metering stations are traditionally equipped with spare meter runs and proving device with on site calibration possibilities for the proving device. Such a layout is expensive (CAPEX and OPEX). The gain is that metering uncertainty is low to secure national and company income.