This paper evaluates the performance analysis of wet gas compression. It reports the performance of a single stage gas centrifugal compressor tested on wet gas. These tests were performed at design operating range with real hydrocarbon mixtures. The gas volume fraction was varied from 0.97 to 1.00, with alternation in suction pressure. The range is representative for many of the gas/condensate fields encountered in the North Sea. The machine flow rate was varied to cover the entire operating range. The compressor was also tested on a hydrocarbon gas and water mixture to evaluate the impact of liquid properties on performance. No performance and test standards currently exist for wet gas compressors. To ensure nominated flow under varying fluid flow conditions, a complete understanding of compressor performance is essential. This paper gives an evaluation of real hydrocarbon multiphase flow and performance parameters as well as a wet gas performance analysis. The results clearly demonstrate that liquid properties influence compressor performance to a high degree. A shift in compressor characteristics is observed under different liquid level conditions. The results in this paper confirm the need for improved fundamental understanding of liquid impact on wet gas compression. The evaluation demonstrates that dry gas performance parameters are not applicable for wet gas performance analysis. Wet gas performance parameters verified against results from the tested compressor is presented.