O F F I C I A L S P O N S O R

STEVE STEWART Vice President

FMD Distribution & Sales FMD Technology Group

The “Not So Small” Small Volume Prover

Innovative Prover Technology For High Flow Rates & Large Bore Meters

AGENDA: • Basics of SVP • Benefits of SVPs • Cost Comparisons • Myths about SVPs

Basics of SVP

Small Volume Prover AKA: Ballistic Prover, SVP, Compact, UCDP

Definition of Provers Devices with “known traceable volume” designed to calibrate (prove) liquid flow meter’s accuracy and repeatability under actual operating conditions in the field or calibration laboratories.

API SVP Definition the term SVP applies to any prover that collects < 10,000 pulses between detectors

API’s Updated Definition - Unidirectional Captive Displacement Provers refers to type of displacer and switches Unidirectional Captive Displacement Prover In 2010 FMD was granted the first of six patents for prover design innovations.

Designed to calibrate/prove a liquid flow meter’s accuracy and repeatability under actual operating conditions in the field or in calibration laboratories

Unidirectional Captive Displacement Provers

12 prover models with flow rates ranging from 142 BPH to 35,000 BPH

The “Not So Small” Small Volume Prover

Internal Components

The “Not So Small” Small Volume Prover

Flow Tube (Barrel) FMD Flow Tube, Piston, & Piston Shafts Technology Precision-machined from superior metal alloys High performance elastomers & seals for piston and shafts Provide Longer Life & Higher Precision

FMD Prover Design Criteria Simple and Fast

Meter Size - Meter Technology – Fluid Characteristics Viscosity - Density

Each prover has 1200 to 1 turn down

Pressure? – Pipe Flange Sizing? Electrical Requirements?

Benefits of SVPs

Benefits of SVP vs Ball Provers

Benefits Standard design

Easier and less expensive to service Turndown: 1200-1 VS 5-1 Faster proving runs Gravimetric Water draw calibration Gravimetric method proven to be more repeatable. Elimination of prover ball & accessory equipment Elimination of 4-way valve & actuator, or pipe liner issues

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FMD Prover Typical Sizing

Small Meters/Portable Provers --------------- 6”/8” 8”/10” 10”/12” 12”/16” 20”/24”

Typical 12” Turbine Meters have Max Flow of 18,000 BPH

FMD 200 – over 28,000 BPH

FMD 130 – Up to 18,500 BPH

FMD 090 – Up to 12,800 BPH

FMD 060 – Up to 8,500 BPH

Quad 12” Turbine Meter Skid > 1,000,000 BBL/Day

C/W Typical Ball Prover

30” Diameter Prover 36” Launch Chamber 24” 4-way Valve w/ Actuator 15’ X 45’ Footprint 150 BBL Total Volume

Conventional Prover Review

Cost Comparison Scenario

Maintenance Cost - OPEX Initial Cost – CAPEX Functional Service

Flow MD SVP OPEX Advantages

Maintenance & OPEX Review

Field Service & Water Draw Certification

1-- Disposal Expense – petroleum & water Less fluid, drainable quantities, faster & less expensive disposal

2– Certification Time – water draw in 4 hours 3– Total Time for Prover Certification – 8 hour shift 4– Repair Expense – seal kits No Re-Coat Piping, Actuator Re-build, 4-way repair

Flow MD SVP Cost Advantages

Initial Expense & CAPEX Review

Initial Cost Review - CAPEX

COMPETITIVE PRICE - SVP typically have a lower front end cost

SMALL FOOTPRINT - much less real estate than conventional prover

4 YEAR WARRANTY: - provers provided w/ standard 4 year warranty

Commissioning Engineer Provided for Every Prover

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Myths about SVPs

MYTHS SVP Technology is Good, but…….

1-- Small Volume Provers are for small meters 2-- Don’t work on crude oil 3-- “Self-destruct” at high flow rates 4-- Don’t work with manufactured pulse meters 5-- Are only used as portable applications

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MYTH SVP Technology is Good, but…….

Small Volume Provers are for small meters

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Small Volume Flow MD Provers

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Flow MD Prover Model Numbers

MODEL NUMBER

MAX FLOW RATE

GALONS/MIN

MAX FLOW RATE

BARRELS/HR

MAX FLOW RATE M³/HR

DISPLACED VOLUME GALLONS

FLANGE SIZE

(STANDARD)

FMD-001 100 142 23 1 1"FMD-003 300 428 68 2 2"FMD-007 700 1,000 150 5 3"FMD-015 1,500 2,100 330 10 4"FMD-025 2,500 3,570 560 20 6"

FMD-C25* 2,500 3,570 560 20 6"FMD-035 3,500 5,000 790 25 6"FMD-A35 3,500 5,000 790 25 8"FMD-060 6,000 8,500 1,350 40 10"

FMD 003 – FMD 060 FMD Prover Models for “smaller” meters Sized for meters up to 8”

Large Volume Flow MD Provers NOT SO SMALL FMD PROVERS

Flow MD Prover Model Numbers

MODEL NUMBER

MAX FLOW RATE

GALONS/MIN

MAX FLOW RATE

BARRELS/HR

MAX FLOW RATE M³/HR

DISPLACED VOLUME GALLONS

FLANGE SIZE

(STANDARD)

FMD-90 9,000 12,850 2,000 75 12"FMD-130 13,000 18,500 2,900 90 16"FMD-200 20,000 28,000 4,500 140 20"FMD-245 24,500 35,000 5,565 168 20"

11/30/2017 Flow Management Devices LLC Confidential Document 23

FMD 090 – FMD 245 FMD Prover Models for “larger” meters Sized for meters up to 8” – 16” & larger

MYTH SVP Technology is Good, but…….

Small Volume Provers are for Small Meters

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FMD PROVER APPLICATION NOTES FMD Produce 100+ Provers per year as follow

~ 10% Portable Provers* on trailers or trucks

~ 60% FMD 003 thru 060*

*60% includes portable provers ~ 40% FMD 090 thru 245

“Size Doesn’t Matter!”

MYTH SVP Technology is Good, but…….

Doesn’t work on crude oil

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Crude Oil Applications w/ Sand & Particulate Contamination

Sand/Trash are a legitimate concern, but….

significantly SST Chrome Plated flow tube & piston design is Solution: more durable than lined or unlined sphere provers

day.-1MD Provers can be repaired and calibrated in Field Repairs:

(+) decades of successful crude applications2: SVPs have History

: Many crude pipeline projects adopted FMD as exclusive Examples

prover technology

Dakota Access Pipeline Origin Point

Dakota Access Pipeline Crude Oil Pipeline - 30 inch pipeline - 600,000 BPD Max Flow - Deliver crude to Patoka terminal - Turbine & Coriolis Meter Technology

1,500 Mile Pipeline System

DAPL Crude Pipeline Project – USA Exclusive FMD Prover Technology

Texas USA – Crude Pipeline Project Exclusive FMD Technology

Major Texas Crude Line Permian to Houston Terminal Crude for Refining & Export - 700 mile system - 24” Pipeline - 550,000 BPD Max Capacity - Helical Turbine Technology - Large Bore Coriolis Technology

FMD Provers Technology - Major PL Terminals - Hub Terminals - Marine Terminals - Small & Large Bore Provers - Light & Heavy Crude

700 Mile Pipeline System

Petroleum Product Compatibility

If you can pump it or meter it, we can prove it! Crude Oil (Light, Intermediate, and Heavy) Hot Bitumen Refined Product NGL Volumetric (Ethane, Propane, Butane, etc.) NGL Mass Proving – Coriolis Technology Cryogenic LNG Ammonia

MYTH SVP Technology is Good, but…….

Doesn’t work with

manufactured pulse

technologies

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Manufactured Pulse Meters? Coriolis & Ultrasonic Technology

Concern Issues – Pulse Delay MPM technology could have issues with “computational pulse-out delay” or “computational signal-out dampening delay”

Recommendations for Successful Proving All pulse-delays or dampening delays should be minimized as much as possible. The pulse out delays experienced in the early days of MBM meter technology has for the most part been alleviated in today’s newer MPM technology.

Coriolis Meter Summary FMD estimates 50% of SVP provers in service are used w/ Coriolis meters. The myth of SVP/MPM problems have been resolved.

Alto 5 Performance with Small Volume Provers Consistently Achieved 05% Repeatability in 5 runs.

Proving Liquid Ultrasonic Meters Lab Testing Summary

Case Study 2014 - 2016

Will laboratory performance transfer to field performance??

Proving Liquid Ultrasonic Meters Cast Study - Step 2 – Field Installation

Marine Terminal – Crude Offload Pipeline

Design Considerations Design Origin & End Point Meter Stations Minimize System Pressure Drop Utilize CFD Model to Optimize Design 14 weeks - System Designed, Assembled, Flow Tested, Delivered to Customer

2016 – Lusfm Project Challenge

Proving Liquid Ultrasonic Meters Field Installation – Performance

Analysis

Ultra Sonic Flow Meter w/ FMD Prover

Field Performance: Consistently Achieves 05% Repeatability in 5 runs Inconsistent batch size & batch quality Customer selected run averaging, 3-pass averaging

Proving Cryogenic Meters Case Study

Cryogenic Project Challenge Cryogenic Ethane Marine & Rail Terminal Ship & Barge Loading

Design Considerations LNG (liquefied natural gas) Temperature -260°F (-162°C) 200,000 BBL Per Day Coriolis Flow Meter Technology

Prover Compatibility Evolution of Flow Meter Technologies

FMD Provers are compatible with all types of custody transfer flow meters

PD Meters Turbine Meter Coriolis Meters Ultrasonic Meters 1940’s 1970’s 2000’s 1990’s

CAPEX (Front End Cost) Benefits Competitive Price Small Footprint – Ease of Installation FMD Commissioning Engineer on Every Start Up Four Year Factory Warranty!!!

OPEX (Operational Expense) Benefits Reduced Disposal Expense Simplified Field Calibration – Faster & Less Expensive 4 Hour Gravimetric Water Draw 1 Day Total Time to Water Draw

Performance & Service Greater Accuracy (Utilize Gravimetric Certification) Operational Range of 1200: 1 turndown Ease of Access to All Components

Let’s Evaluate… PRICE – PERFORMANCE - SERVICE

Thanks for Attention