Custody Transfer
Custody Transfer is the process of measuring and documenting the transfer of oil, gas, or other energy products from one owner to another. Think of it like a highly detailed receipt system when products change hands between companies. It's very important because it determines how much money changes hands in oil and gas sales. The process includes measuring quantity, quality, and sometimes temperature and pressure of the products being transferred. Companies use special equipment and follow strict rules to make sure these measurements are accurate since even small errors can mean big money differences.
Examples in Resumes
Managed Custody Transfer operations for natural gas delivery to major clients
Supervised Custody Transfer measurement systems at offshore platforms
Implemented new Custody Transfer procedures that improved accuracy by 15%
Typical job title: "Custody Transfer Specialists"
Also try searching for:
Where to Find Custody Transfer Specialists
Professional Organizations
Job Boards
Professional Networks
Example Interview Questions
Senior Level Questions
Q: How would you handle a dispute between two companies regarding custody transfer measurements?
Expected Answer: A senior specialist should explain the process of reviewing measurement data, checking calibration records, involving third-party verification if needed, and following industry dispute resolution procedures.
Q: What improvements have you made to custody transfer systems in your career?
Expected Answer: Should discuss examples of implementing new measurement technologies, improving accuracy, reducing measurement uncertainty, and creating better documentation processes.
Mid Level Questions
Q: What factors can affect custody transfer measurement accuracy?
Expected Answer: Should mention temperature, pressure, flow rate variations, equipment calibration, and environmental conditions, explaining how each impacts measurements.
Q: Explain the importance of documentation in custody transfer.
Expected Answer: Should discuss maintaining calibration records, measurement logs, transfer agreements, and the role of documentation in resolving disputes and ensuring compliance.
Junior Level Questions
Q: What are the basic components of a custody transfer system?
Expected Answer: Should be able to describe basic measurement equipment like flow meters, temperature sensors, and pressure gauges, and explain their basic functions.
Q: Why is custody transfer important in the oil and gas industry?
Expected Answer: Should explain that it's about accurately measuring product quantities for sales and transfers between companies, and why accuracy matters for financial reasons.
Experience Level Indicators
Junior (0-2 years)
- Basic understanding of measurement equipment
- Reading and recording measurements
- Following established procedures
- Basic documentation skills
Mid (2-5 years)
- Calibration and maintenance of measurement equipment
- Understanding of measurement standards
- Problem-solving measurement discrepancies
- Writing measurement procedures
Senior (5+ years)
- System design and optimization
- Dispute resolution
- Training and supervision of staff
- Implementation of new technologies
Red Flags to Watch For
- No knowledge of industry measurement standards
- Lack of attention to detail in documentation
- No understanding of calibration importance
- Poor communication skills for dealing with multiple stakeholders
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