The Canadian World

One of the benefits of my last few months’ work on a project  for a new Canadian customer is that I have learned a few things about the oil and gas industry in Canada. First of all, the Canadian industry is based on the metric system instead of the imperial system. Furthermore, Canadians use Density rather than Gravity in their measurements and also rely on API calculations.

I have also found out that it is a standard Canadian reporting requirement determined by the Crude Oil Logistics Committee (COLC) that each pipeline must report weekly and month end splits to each connecting facility that receives its products. The due date for each report is determined by the Crude Oil Logistics Committee (COLC).

What, then, is a split? A split is the delivered volume allocated to each shipper at each of the connecting facilities at the end of each split week and at month end. Delivered volume allocated to each shipper on the split report is considered to be the final allocation. Shippers will never receive less month-to-date delivered volume than what they have already received in previous weeks based on the split reports. At month end, a final split report will be sent which contains the final delivered volume allocated to each shipper for the entire month.

If you should be interested in learning more about the oil and gas business in Canada, have a look at the Crude Oil Logistics Committee
website (http://www.colcomm.com/).