4.1 Business Context: Asset Production Volume Flows
|For Standard||PRODML v2.0|
In general, oil and gas fields consist of largely discrete “assets”, administered by different operators. This means that production flows are measured and reported on a per-asset basis. Importantly, the financial imperative of custody transfer ensures that any inter-asset transfer flows or exports are also measured and to a high standard.
An asset in this context is a set of interlinked oil production infrastructure administered by a single operator. Figure 4.1-1 shows the generalized asset group flow. The Simple Product Volume data objects are designed to handle the requirements for reporting the production flows of an asset as generalized in this figure.
Figure 4–12. Asset production flows.