METHOD AND SYSTEM FOR COLLECTING AND ANALYZING OPERATIONAL INFORMATION FROM A NETWORK OF COMPONENTS ASSOCIATED WITH A LIQUID ENERGY COMMODITY

A method for collecting and analyzing operational information from a network of components associated with a liquid energy commodity comprises the steps of: (a) measuring an amount of the liquid energy commodity in storage at one or more storage facilities in the network, and storing that measuremen...

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Bibliographic Details
Main Authors ALPHENAAR, DEIRDRE, JONES, WALTER F, ZEIN, ABUDI
Format Patent
LanguageEnglish
Published 30.09.2013
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Summary:A method for collecting and analyzing operational information from a network of components associated with a liquid energy commodity comprises the steps of: (a) measuring an amount of the liquid energy commodity in storage at one or more storage facilities in the network, and storing that measurement data; (b) determining a flow rate of the liquid energy commodity in one or more selected pipelines in the network, and storing that flow rate data; (c) ascertaining an operational status of one or more processing facilities in the network, and storing that operational status information; (d) analyzing the measurement data, the flow rate data, and the operational status information to determine a balance of the liquid energy commodity in the network or a selected portion thereof at a given time; and (e) communicating information about the balance of the liquid energy commodity to a third-party market participant.
Bibliography:Application Number: SG20130062229