Advances in Asset Management Techniques: An Overview of Corrosion Mechanisms and Mitigation Strategies for Oil and Gas Pipelines

Effective management of assets in the oil and gas industry is vital in ensuring equipment availability, increased output, reduced maintenance cost, and minimal nonproductive time (NPT). Due to the high cost of assets used in oil and gas production, there is a need to enhance performance through good assets management techniques. This involves the minimization of NPT which accounts for about 20–30% of operation time needed from exploration to production. Corrosion contributes to about 25% of failures experienced in oil and gas production industry, while more than 50% of this failure is associated with sweet and sour corrosions in pipelines. This major risk in oil and gas production requires the understanding of the failure mechanism and procedures for assessment and control. For reduced pipeline failure and enhanced life cycle, corrosion experts should understand the mechanisms of corrosion, the risk assessment criteria, and mitigation strategies. This paper explores existing research in pipeline corrosion, in order to show the mechanisms, the risk assessment methodologies, and the framework for mitigation. The paper shows that corrosion in pipelines is combated at all stages of oil and gas production by incorporating field data information from previous fields into the new field’s development process.