Net Oil Volume · API MPMS Chapter 10.3
BS&W by centrifuge, free water, and the net oil deduction in custody transfer
Basic sediment & water β the combined volume fraction of water and sediment in crude, measured by centrifuge (API MPMS 10.3 / ASTM D4007) and deducted to give net oil.
Net Oil = (Gross β Free Water) Γ (1 β BS&W/100).
Pipeline crude custody specs typically require β€ 1% (often 0.5%).