Corrosion in Oil and Gas Industry, Nuclear Environment And Its Mitigation

Corrosion in Oil & Gas Production
October 19, 2016

According to NACE, The total annual cost of corrosion in the Oil and Gas Production Industry is estimated to be $1.372 billion, broken down into $589 million in surface pipeline and facility costs, $463 million annually in downhole tubing expenses, and another $320 million in capital expenditures related to corrosion. The deterioration of a metal or its properties-attacks every component at every stage in the life of every oil and gas…