This paper presents the effect of shape of external corrosion in pipeline on failure prediction by using numerical simulation. The numerical study for the pipeline failure analysis is based on the FEM(Finite Element Method) with an elastic-plastic and large-deformation analysis. The predicted failure stress assessed for the simulated corrosion defects having different corroded shapes along the pipeline axis are compared with those by methods specified in ANSl/ASME B31G code and a modified B31G code.