Electrochemical corrosion behavior of X65 steel in CO 2-containing oilfield formation water in the presence of acetic acid (HAc) was investigated by various electrochemical measurements and analyses as well as thermodynamic calculations of ionic concentrations, reaction rate constants and equilibrium electrode potentials. A conceptual model was developed to illustrate corrosion processes of steel in oilfield formation water system. The anodic reactions of the steel contain a direct dissolution of Fe, Fe → Fe 2+ + 2e, and the formation of corrosion scale, FeCO 3, by Fe + HCO 3 - → FeCO 3 + H + + 2e. The cathodic processes contain the reduction of H +, HCO 3 - , H 2O and HAc, where reduction of HAc has the least negative equilibrium potential and thus dominates the cathodic process. With addition of HAc in the solution, both cathodic and anodic reaction rates increase remarkably. It is attributed to the fact that HAc inhibits or degrades the formation of protective scales due to the decrease of solution pH. Upon electrode rotation, the measured impedance decreases with the increase in HAc concentration. The FeCO 3 scale will not form on electrode surface. When HAc concentration is less than 1000 ppm, the adsorbed intermediate product is not significant, resulting in generation of a low-frequency inductive loop in EIS plots. When HAc concentration is more than 3000 ppm, the adsorption of intermediate product is significant, generating overlapped capacitive semicircles in EIS measurements.