5.3.2 Different Volume Types

Asset production volumes support transfer of these types of volumes:

• Production:

• Production

• Injection

• Inventory:

• Opening Inventory

• Closing Inventory

• Dispositions:

• flared
• sold
• used on-site
• fuel
• vented
• disposal
• gas lift
• lost or stolen

• other

• Movement in or out of an asset:

• Terminal Lifting

• Transfer

• Deferred Production

These different types of volumes, as required, all sit within a single reporting entity volumes element in the asset production volumes object. Each quantity refers to a common Fluid Component Catalog as described in Section 5.3.1 Fluid Component Catalog .

Note that the two kinds of movement in or out of asset can be reported either as elements within the periodic asset production volumes object, or in an event-driven manner with standalone Terminal Lifting and Transfer data objects (see 5.5 Transfer and Tanker Lifting ).

The worked example (Chapter 6 Simple Product Volume: Worked Example shows many of these different volume types.