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Corrosion under insulation (CUI) is a form of corrosion resulting from water trapped under insulation. CUI is a main asset integrity threat to many processing facilities. CUI damage is not readily identifiable and hidden underneath the insulation.
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An economic evaluation of a project plays a significant role in determining its feasibility. Corrosion is intrinsic to the operation of metallic assets, and the costs dedicated to its prevention and/or its consequences are unavoidable. Different corrosion strategies could be developed to address the project's needs while complying with relevant codes and standards. These various corrosion control strategies are characterized by inherently different capital expenditures (CAPEX) and operating expenses (OPEX). Careful analysis of the cost projections for each of the considered corrosion mitigation strategies is needed for project optimization and improvement of return on investment.