Approximately 70% of the world’s remaining oil reserves are classed as ‘heavy oil’, while differential pressure meters account for around 40% of all flowmeters in use worldwide. However, as they were not originally designed to cope with heavy oil applications, differential pressure meters are less frequently used due to current inaccuracies. NEL estimates that these inaccurate measurements could be costing millions of dollars per year, in addition to costs associated with the necessary physical property measurements.
