The aim of this study is to evaluate the metrological performance and potential of use of the v-cone type meter for measuring the natural gas flow rate under wet gas conditions. The orifice plate type meters, that are usually used to measure the gas flow rate in the Exploration and Production segment (E and P), may not represent the most appropriate technology. The v-cone meter represents a relatively recent technology, which has shown good performance for the flow rate measurement and is gaining acceptance from the regulators. The interest and motivation of the researcher are related to the quest for greater flow rate measurement accuracy in adverse operating conditions (unspecified wet gas), with no significant impact on the cost of the system. This work, through a literature and documentary search, presents the current stage of development of the v-cone flow rate measurement technology and details the characteristics of natural gas flow rate measurement systems, in addition to addressing the standards and regulations relating to the subject. The experimental phase aims to evaluate the meter performance through an empirical research conducted in laboratory, by simulating wet gas conditions found in the field. This analysis also involves the determination of measurement errors and uncertainties. The research and the evaluation of test results and correlations show that the v-cone meter has good reliability in natural gas flow rate measurement under wet gas conditions, allowing it to be used in applications found in E and P.