The influence of risk analysis on the economics of carbon steel and CRA clad flowlines

Conference · Fri Dec 01 00:00:00 EST 1995

OSTI ID:128946

Craig, B D; Thompson, R S

Recently a method was presented to assist in making the decision to install corrosion resistant alloy (CRA) pipelines or inhibited carbon steel. This method incorporated risk into the decision process. Previous economic analyses comparing solid and clad CRA pipelines to those constructed from inhibited carbon steel have only taken into account the costs for each option without considering the probability or cost of failure. This paper extends the earlier work by examining the effects of varying the assumed probability of failure of the clad pipeline and introducing utility effects.

• OSTI ID: 128946
• Report Number(s): CONF-950501-; TRN: IM9550%%332
• Resource Relation: Conference: 27. offshore technology conference, Houston, TX (United States), 1-4 May 1995; Other Information: PBD: 1995; Related Information: Is Part Of 27. Annual Offshore Technology Conference: 1995 Proceedings. Volume 2: Platform and marine system design; PB: 986 p.
• Country of Publication: United States
• Language: English

Related Subjects

42 ENGINEERING NOT INCLUDED IN OTHER CATEGORIES
36 MATERIALS SCIENCE
CARBON STEELS
FAILURE MODE ANALYSIS
PIPELINES
CORROSION RESISTANT ALLOYS
COST BENEFIT ANALYSIS
MATERIALS TESTING
COMPARATIVE EVALUATIONS