This document provides an overview of a project to analyze the failure of soft iron ring gaskets used in oil and gas applications and redesign the gasket to prevent failure. The objectives are to identify the causes of failure through testing and microscopy, understand possible modifications to avoid failure, modify the design, and test the modified design. A literature review is performed on ring gasket materials and corrosion. Methodology describes preparing specimens for analysis, coating experiments, and wear testing. Project timeline is provided in a Gantt chart. The research aims to understand failure mechanisms and provide industry with reliable corrosion control.