Material fatigue is a failure mode that has been known to researchers and engineers since the 19th century. Catastrophic accidents have happened due to fatigue failures of structures, machinery and transport vehicles. The capsizing of the semisubmersible rig Alexander L. Kielland in Norwegians waters in 1980 killed 123 people, and investigations pointed at the fatigue failure of a weld as one of the direct causes. This accident led to a number of improvements to the design of offshore structures. The noticeable safety principle ”No single accident should lead to escalating consequences” has since been adopted in a widespread manner. Since 1992 the Petroleum Safety Authority in Norway has enforced a risk based safety regime. Wells are design...