MECOC 2024 Unveiled Cutting-Edge Technologies on Steel & Non-Metallic Materials and Strategies to Tackle Corrosion in the Oil and Gas Industry
Corrosion costs the industry around $1.372 billion every year
Dubai, UAE – February 2024 – The oil and gas industry is crucial for providing global energy, but it faces a constant problem, corrosion. According to a study by NACE, corrosion costs the industry around $1.372 billion every year. To break it down, $589 million goes to surface pipeline and facility costs, $463 million for yearly downhole tubing expenses, and an extra $320 million for capital expenditures related to corrosion.
As such, it is imperative that the oil and gas industry has an effective corrosion management strategy in place to help reduce operational costs in the long run. In the same context, Aldrich International hosted The Middle East Metallurgy Corrosion & Coatings Expo (MECOC) 2024 in Abu Dhabi from 6th to 8th February at Rixos Marina, Abu Dhabi, UAE. The landmark event brought together 40+ countries, 300+ industry professionals, 30+ exhibiting companies and 60+ expert speakers to delve into the latest technologies related to Metallurgy, Corrosion, and Coatings for the Oil and Gas industry.
UAE News 24/7 