Custody Transfer Training Course

Custody Transfer in the oil and gas industry refers to the transactions involving the change of ownership of hydrocarbons from one party to another. From a measurement perspective custody transfer metering is the metering point (location) where the fluid ownership changes and the quantity and quality of the fluid changing hands are calculated.

As custody transfer represents the changing of both product ownership and money, the accuracy of the transfer system is of great importance to both the company delivering the material and the recipient. The term "fiscal metering" is often interchanged with custody transfer and refers to metering where there is a governmental tax implication.

This course will introduce delegates to the techniques required to develop a custody transfer system, including the auditing process to ensure the transfer system measurement is fair for all parties involved in the transaction.