This is the third and final Statement of the Month in our brief series on LACT (Lease Automatic Custody Transfer) units and their operation. The hardware components which comprise modern LACT units, such as their flow meters, are likely to be of the latest designs, materials of construction, and functionality. LACT controllers and supporting infrastructure, unfortunately, have simply not kept pace with technical innovation…until recently.
Real-time communications, timely information collection and dissemination, as well as prompt reconciliation of custody transfer activities, are now available for LACT and ACT operations. For existing units, this may require a retrofit of the PLC (Programmable Logic Controller) with an advanced microprocessor-based controller including onboard communications and options for remote firmware updates. Such highly customizable controllers not only provide utmost accuracy and maximum operational flexibility, but permit secure intercommunication with software systems for comprehensive data collection, processing, and presentation.
Through such processes, nearly instantaneous creation and distribution of electronic delivery tickets is possible each time that a transfer is made, with web-based archiving of tickets for future reference and analysis. By capturing flow at the transfer point and making that information immediately available in electronic form, disputes can be readily resolved and transportation losses minimized…adding significant transparency and reconcilability to the custody transfer process. And the fully electronic, hands-off nature of this method eliminates the potential for transcription errors and lost tickets which can result through manual ticketing, while significantly reducing reconciliation times.
For more information and further insights into the latest technologies available for new and retrofit LACT units, contact an established manufacturer or knowledgeable measurement specialist.
"When you're finished changing, you're finished."
~ Benjamin Franklin, Amer. Statesman, Scientist,
Philosopher, Writer, Printer, & Inventor