Pipelines are the most important component of midstream operations, being the primary transportation mechanism. But they are vulnerable to internal corrosion threats, including pitting corrosion, galvanic corrosion, and environmental corrosion.
Key fact: Pipeline corrosion costs the oil and gas industry approximately $1.4 billion a year
Employing an effective corrosion management plan ensures the longevity and reliability of pipelines in midstream operations, as well as the safe transportation of gas and liquids.
Corrosion management identifies the main mechanisms of damage, outlines the relevant mitigation or preventative measures, and monitors progress. Corrosion management is equally important for other midstream assets, like storage tanks and fluid compressors.
Key fact: In oil and gas companies, corrosion is responsible for over 25% of asset failure incidents
Benefits
Improves health of critical midstream assets
Reduces capital expenditure relating to corrosion
Improves operational efficiency
