A fluid transport system includes at least one flow control device and a multiphase pump configured to transport fluid. At least one pump sensing device is configured to measure at least one operating characteristic of the multiphase pump. A controller is programmed with a pump map including a correlation of the at least one operating characteristic of the multiphase pump with at least one operating characteristic of the fluid. The controller is configured to determine an estimated value of the at least one operating characteristic of the fluid based on the measured value of the at least one operating characteristic of the multiphase pump and the pump map. At least one regulating device coupled to at least one flow control device is modulated based on the estimated value of the at least one operating characteristic of the fluid.