Abstract: The proactive maintenance of pipelines through condition based monitoring, plays an essential role in improving their overall reliability and availability. Their criticality can also be assessed by conducting reliability analysis such as FMECA, which helps in identifying relevant failure modes and averting catastrophic failures to sustain economic growth. This paper will focus on an integrity assessment set up for pipelines and the potential failure modes associated are evaluated and mitigated by determining the risk triggers. The outcome of this research has shown the various threats associated with pipelines, having an effective integrity assessment program will help mitigate such threats. Keywords: Risk Assessment, Corrosion, FMECA, Risk Priority, Failure, Inspection, Regulations, Pipelines, Monitoring