The total annual cost of corrosion in the oil and gas production industry is estimated to be $1.372 billion, according to a NACE study. That figure can be broken down into $589 million on surface pipeline and facility costs; $463 million annually in downhole tubing expenses; and another $320 million in capital expenditures related to corrosion.
These costs and environmental risks could rise further in the years ahead, as new hydrocarbon sources are found in more challenging environments—deeper reservoirs with higher temperatures and pressures and containing greater concentrations of acid gases.
Implementing and maintaining an asset management and corrosion prevention strategy that influences every level of an organization and empowers every employee – not just a singular department – to consider corrosion’s impact on their work is a challenge.
Course Description | Upcoming Courses
Get the same in-person Corrosion Control in the Refining Industry course – only virtually! The NACE coursework covers the effects of corrosion on the production environment and addresses methods to implement corrosion control throughout the full lifecycle, from material selection and design to maintenance.
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