Abstract
This study presents an economic optimization model for determining the optimal insulation thickness for both thermal insulation and electric tracing pipelines. Using Life-Cycle Cost (LCC) analysis, optimization research was conducted under various working conditions to identify the most cost-effective insulation thickness. Factors such as pipe diameter, operational duration, drilling fluid temperature, and heat cost were analyzed to assess their impact on the economic thickness of the insulation layer, specifically within the unique environment of drilling sites. The results provide the economic thickness and total cost for both insulated and electrically traced pipelines under different scenarios. For instance, for a DN100 pipe with rock wool insulation operating for 3600 h, the economic thickness of the electrically traced pipe insulation was determined to be 5.18 cm greater per unit length compared to the non-electrically traced pipe, resulting in an additional cost of 19.36 CNY/m. These findings offer valuable insights for optimizing pipeline insulation in drilling applications.