NET STANDARD OIL VOLUME
Definition
A <NET STANDARD OIL VOLUME> is an <IndirectProperty> that refers to a total <VOLUME> of all petroleum liquids excluding sediments and water and free water, corrected by the appropriate <VOLUME> correction factor (Ci1) for the observed <TEMPERATURE> and API gravity, relative density, or density to a standard <TEMPERATURE> such as 60 deg F or 15 deg C and also corrected by the applicabe <PRESSURE> correction factor (Cp1) and meter factor