Accelerated oxidation tests were performed to determine kinetic parameters of the chronic oxidation reaction (i.e. slow, continuous, and persistent) of PCEA graphite in contact with helium coolant containing low moisture concentrations in high temperature gas-cooled reactors. To the authors’ knowledge such a study has not been done since the detailed analysis of reaction of H-451 graphite with steam (Velasquez, Hightower, Burnette, 1978). Since that H-451 graphite is now unavailable, it is urgently needed to characterize chronic oxidation behavior of new graphite grades that are being considered for use in gas-cooled reactors. The Langmuir–Hinshelwood mechanism of carbon oxidation by water results in a non-linear reaction rate expression, with at least six different parameters. They were determined in accelerated oxidation experiments that covered a large range of temperatures (800–1100°C), and partial pressures of water (15–850Pa) and hydrogen (30–150Pa) and used graphite specimens thin enough (4mm) in order to avoid diffusion effects. Data analysis employed a statistical method based on multiple likelihood estimation of parameters and simultaneous fitting of non-linear equations. The results show significant material-specific differences between graphite grades PCEA and H-451 which were attributed to microstructural dissimilarity between the two materials. It is concluded that kinetic data cannot be transferred from one graphite grade to another.