Corrosion in the Oil and Gas Industry - The Involved Costs of Corrosion

The total annual cost of corrosion in the oil and gas production industry is estimated to be $1.372 billion, broken down into $589 million in surface pipeline and facility costs, $463 million annually in downhole tubing expenses, and another $320 million in capital expenditures related to corrosion.

It is widely recognized within the oil and gas industry that effective management of corrosion will contribute towards achieving the following benefits:

Trends in U.S. Oil and Natural Gas Upstream Costs - EIA Report 

The US Energy Information Administration (EIA) published this report on March 2016. We understand this is useful information to understand the onshore and offshore costs of the oil and gas industry, basically upstream costs. In several parts of the report are considered the costs of chemicals and fluids, and since we supply this green solutions to oil and gas industry, we found useful to publish the link to the report.