By Conducting an Analysis of the Measurement Errors It Was Found that Bubble Dynamics Obtained by Two-Point Probes Can Be Highly Inaccurate. a Four-Point Optical Probe with Appropriate Data Processing Algorithm Has Been Developed So that the Bubble Velocity Vector Can Be Obtained. This Probe Provides Directly the Value of Specific Gas-Liquid Interfacial Area. However, for Obtaining Accurate Values of Bubble Velocity and Size, the Four-Point Probe Must Be Calibrated by a CCD Camera at the Same Conditions. Calibration Columns Have Been Developed for This Purpose Where the Bubble Size and Velocity Can Be Varied to Calibrate the Measurements by the Four-Point Optical Probe Against a CCD Camera.