The article deals with the ageing and heat treatment influence on operational reliability of 5 % Cr-0.5 % Mo steel welded joints and pipeline elements. Separate components of the pipelines in the refineries are manufactured from chromemolybdenum 5 % Cr-0.5 % Mo alloy steel. Reduction of internal stresses in chrome-molybdenum steel welded joints can be provided only by thermal treatment. Other methods of stress relieving are not acceptable for these steels. Presented materials analyses the impact of heat treatment on the microstructure and operational reliability of this steel. The objects of research are heat-treated welded joints of piping elements operated at high temperature for an extensive period of time, where degradation of mechanical properties has been observed. When value of the heat treatment temperature or time are exceeded, the structure degradation process is taking place, carbides coagulate within the boundaries of ferrite grains, they form coarse carbide colonies combined into long chains. Mechanical properties – tensile strength and impact strength decrease. Detailed analysis of these objects and the interpretation of the received results allow to select the most appropriate heat treatment parameters for the investigated steel structures