Corrosion is one of the major problems existing in the oil and gas industry that results in huge expenditures. Without proper corrosion protection, the oil and gas industry is most likely to suffer a great extent of damage resulting from the equipment failure and lost production time, The corrosion losses not only include the loss of metal mass, but also improper functioning of equipment. Over a long time, the oil and gas industry has been suffering from losses incurred by corrosion in all stages of supply chain such as production, processing, transportation, and storage. Every year billions of dollars are being spent for replacing the corrosion affected parts or equipment. Since corrosion has adverse effects on the environment, its prevention is crucial not only to the economy, but also to the environment.
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