Corrosion is a persistent challenge in all oil & gas industry sectors: upstream, midstream, and downstream. This is due not only to the corrosiveness of the materials exploited, but also to the harsh environments many structural and equipment assets are exposed to in oil & gas production, transport, and processing. High costs, safety hazards, downtime, and additional labor result. According to NACE International, total annual corrosion cost in oil & gas production is about $1.4 billion, with roughly $590 million assigned to surface pipeline and facility costs, $460 million to down-hole tubing expenses, and $320 million to capital expenditures.
展开▼
