In this research work, Monte Carlo Simulation and degradation models were used to predict the corrosion rate and reliability of crude oil pipelines. Discrete random numbers simulated from Inline Inspection Data were used to predict the corrosion rate using Linear and Power Law Model. The mean time for failure (MTFF) was estimated with the degradation models. The result of the study shows that the degradation models and Monte Carlo simulation can predict the corrosion rate of the pipelines to an accuracy of between 83.05-98.33% and 84.24- 97.94% respectively. From the plot the lowest degradation recorded was 1.67% (Power law) and highest 16.95 (Power Law), for Linear Model Law, the lowest value recorded was 2.11% while the highest is 15.23%.  In comparison to the value obtained from Monte Carlo Simulation (2.01 lowest and 15.76 highest), all the values fall between 1.67% to16.95%. Thus, RMSE of between 1.67% and 16.95% was recorded for the degradation models. Therefore, the statistical models give the expected number of failures. The results of the statistical models can be used in reliability analysis, risk analysis, and optimum maintenance decisions.
                                
                                
                                    
                                    Corrosion rate, Simulation, Modelling, Reliability, Pipeline integrity
                                
                                
                                
                                
                                    
                                        
                                        
                                        
                                        
                                            
                                                
                                                    International Journal of Trend in Scientific Research and Development - IJTSRD having
                                                    online ISSN 2456-6470. IJTSRD is a leading Open Access, Peer-Reviewed International
                                                    Journal which provides rapid publication of your research articles and aims to promote
                                                    the theory and practice along with knowledge sharing between researchers, developers,
                                                    engineers, students, and practitioners working in and around the world in many areas
                                                    like Sciences, Technology, Innovation, Engineering, Agriculture, Management and
                                                    many more and it is recommended by all Universities, review articles and short communications
                                                    in all subjects. IJTSRD running an International Journal who are proving quality
                                                    publication of peer reviewed and refereed international journals from diverse fields
                                                    that emphasizes new research, development and their applications. IJTSRD provides
                                                    an online access to exchange your research work, technical notes & surveying results
                                                    among professionals throughout the world in e-journals. IJTSRD is a fastest growing
                                                    and dynamic professional organization. The aim of this organization is to provide
                                                    access not only to world class research resources, but through its professionals
                                                    aim to bring in a significant transformation in the real of open access journals
                                                    and online publishing.