LACT Unit definition
LACT Unit means an oil industry standard lease automated custody transfer unit comprised of a Coriolis mass measurement meter and BS&W monitor, as well as other necessary controls.
LACT Unit means a Lease Automatic Custody Transfer Unit including measurement devices, flow computer, and associated equipment at the Receipt Points.
LACT Unit means a Lease Automatic Custody Transfer unit designed for the automatic transfer of ownership of crude or condensate between the buyer and seller. A LACT Unit typically consists of one pump, six valves, and one regulator;
Examples of LACT Unit in a sentence
The San ▇▇▇▇▇ Bay Pipeline and all facilities, machinery, fixtures and other miscellaneous equipment associated with and used solely in connection with the San ▇▇▇▇▇ Bay Pipeline, consisting of approximately 91,161 feet of the 16" crude pipeline beginning at the inlet to the 20" O.D. sphere launcher on Platform Elly and terminating with approximately 2,754 feet of 10" crude pipeline from the Beta Onshore Pump Station to the THUMS terminal downstream of the LACT Unit.
The (a) inlet flange for each LACT Unit Facility and (b) each Condensate Loading Point.
LACT Unit........................................................
More Definitions of LACT Unit
LACT Unit means the Lease Automatic Custody Transfer facilities, associated instrumentation, communication equipment, and such other materials and equipment (e.g., piping, fittings, clamps, custody quality meter(s), etc.) necessary for the automatic custody transfer measurement of Product quantity and quality from producing leases to the transportation carrier.