Cost of Corrosion in Oil & Gas Pipelines

The ramifications of corrosion within the oil and gas industry can be devastating for many reasons. Not only is there the dramatic increased cost of replacement parts and components, it can also result in huge losses owing to loss of production. Other consequences can include the effect on the environment owing to spills and leakages from corroded pipelines. Far more important than any loss of revenue or cost to the business is the increased risk to human life. The owner’s pipelines, facilities and assets can be replaced in the event of explosions or disasters, but human life sadly cannot.