Use of Measurement Uncertainty in Compliance Assessment in Custody Transfer Operations

Starting from production until reaching the final consumer, at each stage, the oil and its derivatives can be can carried under the responsibility of a different company that, sequentially, transfers it to the next company, by means of processes called custody transfers. These measurement results, due to the large financial amounts involved in the oil and gas industry, must be reliable, considering that compliance must be assessed between suppliers and customers in custody transfer operations, avoiding unnecessary conflicts in these commercial relationships. This is why the results must be statistically compatible.