Net Barrel definition
Net Barrel. Means the volume of hydrocarbon, excluding total water and total sediments, calculated at standard conditions (60 ºF and 14.7 lbf / in2, or 15 ºC and 1.01325 bars).
Net Barrel means the volume of Crude Oil, excluding total water and total sediment, calculated at standard conditions (60°F and 14.7 lbf/in2, or 15°C and 1.01325 bar).