Fiscal liquid and gaseous hydrocarbons flow and volume measurement: Improved reliability and performance paradigms by harnessing for fourth industrial revolution

The oil and gas markets are of fundamental importance to the world's scenario dealing with high value products. Several rules and regulations define the various operating procedures due to environmental, social, political, and financial impacts. Liquid and gaseous hydrocarbon measurement stations are inside this context, either in the transfer of ownership of the product (custody transfer) or for values calculation for tax purposes (fiscal measurement). This is a conservative application in the industry but one that cannot fail to introduce the new features provided by the advances of the fourth industrial revolution. Thus, this article, based on a broad bibliographic research based on a qualitative analysis, addresses the concepts of some technologies already available in the automation market and how they can be applied to these stations to provide a greater reliability through risk reduction.