The Cost of Corrosion

Corrosion engineers are not always popular in the oil and gas industry as they are usually requesting money for additional maintenance, or to take something offline for inspection or have something else shut down if it has really deteriorated. But ageing infrastructure (as well as an ageing workforce) is one important aspect of the peak oil problem.
There have been several attempts to put numbers to this problem, most notably by NACE (formerly the National Association of Corrosion Engineers). Their major study on ‘The Cost of Corrosion’ was published in 2002, but based primarily on 1998 data.

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