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The Economics of Multiphase Flow Meters and Test Separators in Flow Testing
Authors: Akuvue B Granville, Dulu Appah, Ubu O Henry
Number of views: 373
To decide between Test Separators (TS) and Multi-Phase Flow Meters (MPFM), the Capital & Operating Expenditures (CAPEX and OPEX) of each facility must be compared. An economic model is developed for evaluating the economics of Multi-Phase Flow Meters, MPFM and Test Separators, TS. A comparative study was made to consider which is more economically viable to be installed between the multiphase flow meter, MPFM and test separator, TS. The NPV was evaluated and was found to be a positive value, since Present Value (PV) for Multiphase Flow Meter, (MPFM) is - $332,618 and Present Value (PV) for Test Separator, (TS) is -$583,648. Hence, MPFM was selected, because NPV =PVMPFM-PVTS = (- $332,618) - (-$583,648) = $251,030.This shows that Multi-Phase Flow Meters, MPFM is a more cost-effective means of obtaining well-test data.