Reassessment of Remaining Strength of Subsea Corroded Pipeline Using Bayesian Updating

System strength evaluation of subsea pipeline, which has already completed its design life, is an important issue to deal with especially when hydrocarbon is the material to be transported. The remaining strength of pipeline in terms of probability of failure can be determined using assessment of maximum operating pressure and its capacity by using burst test results. Monte Carlo simulation is used to find probability of failure and then with burst test results the existing probability of failure can be updated using Bayesian updating technique.