Corrosion continues to be a threat to the petroleum industry. It risks people’s lives, assets integrity and the environment. These risks are mitigated by different means such as selection of appropriate materials, chemical treatment, cathodic protection, protective coatings, and process control. One of the most common corrosion control measures is the use of corrosion inhibitors. This is a cost-effective option that can be applied to upstream, mid-stream and downstream facilities. This has driven the research institutes and the chemical manufacturers to invest on developing corrosion inhibitor chemistries for field-specific applications. In spite of all the efforts being put, there are still many important aspects about corrosion inhibition treatment that need to be researched for a better understanding of the chemicals’ performance, monitoring, laboratory testing, and field application. This paper highlights knowledge gaps to invite focused research to help bridging the gaps between operators, research institutes and developing companies. These gaps are classified in four main areas: Field Monitoring, Facility Design, Laboratory Testing, and Simulation & Prediction.