Corrosion is a significant issue in the U.S. oil and gas industry, leading to annual losses of around $3.7 billion. These losses stem from maintenance costs, vessel turnarounds, and fouling expenses. Additionally, the industry spends billions more annually on corrosion prevention and repairs. Corrosion causes equipment failure, oil spills, and severe environmental damage. However, innovative solutions like DragX can significantly reduce these costs.
The High Cost of Corrosion in the Oil Industry
In the U.S., oil and gas companies spend hundreds of millions annually on surface pipelines, down-hole tubing, and capital expenditures tied to corrosion management. Internal corrosion is especially problematic in wells and pipelines, caused by various environmental factors such as temperature, water chemistry, and CO2 and H2S. These factors accelerate the degradation of carbon steel equipment, driving up maintenance and repair costs.
Investing in corrosion-resistant materials has become a priority for many companies. However, these materials can be costly, prompting the need for more effective and affordable solutions.
DragX: An Effective Solution for Corrosion Prevention
DragX is an advanced surface treatment that dramatically reduces corrosion in pipelines and equipment. Unlike traditional coatings, DragX minimizes friction and creates a protective barrier that helps prevent corrosive elements from coming into contact with metal surfaces. This innovative treatment reduces the need for frequent repairs, lowers maintenance costs, and extends the life of critical oil and gas infrastructure.
DragX’s surface treatment capabilities are especially valuable for pipelines and wells prone to internal corrosion. By applying DragX, companies can mitigate corrosion caused by harsh conditions like fluctuating temperatures and corrosive gases. This helps prevent pipeline ruptures, leaks, and other costly issues that impact the environment and operations.
Corrosion costs the oil and gas industry billions each year, but with innovative solutions like DragX, companies can significantly reduce these expenses. By investing in surface treatments like DragX, businesses can protect their equipment, extend the life of pipelines, and minimize environmental damage. This improves operational efficiency and ensures long-term savings on corrosion-related costs.
Protect your pipelines and equipment with DragX, and see the difference in reduced maintenance costs and improved operational reliability. Reach out to our experts to learn more about DragX.