Abstract: A fluid is circulated in a loop at a predetermined pressure and temperature. A second immiscible fluid is added to the loop and maintained in a portion of the loop so that a portion of the loop is free of the second immiscible fluid. A chemical tracer is added to the fluids and allowed to partition between them. Samples are taken of the mixture of first fluid and tracer from a portion of the loop free of the second fluid. From this sample, calculations may be made to determine the partition co-efficient of the fluids.