Understand the volume corrections applied according to netting type

CTL

Corrected Temperature Liquids

The Corrected Temperature Liquids correction factor originates from the temperature correction table dropdown menu on the prodgroup Row Edit dialog.

CPL

Corrected Pressure Liquids

The Corrected Pressure Liquids correction factor originates from the pressure correction table dropdown menu on the prodgroup Row Edit dialog.

CTPL

Combined Temperature and Pressure Liquids

The CTPL value is calculated as follows:

CTPL = CTL x CPL

This is always used for API2004.

MCF

Mechanical Correction Factor

The Mechanical Correction Factor is applied when volume is measured by a turbine meter. This value is set to one when volume measurement does not come from a turbine meter.

Corrected Composite Meter Factor

Corrected Composite Meter Factor

Composite correction factor.

Base Density

N/A

Product Density at the standard temperature and pressure.