Abstract Thermal recovery processes using steam injection with combustion gases (flue gas) have shown positive results in the recovery of heavy crude oil over the conventional process, by integrating different recovery mechanisms. However, under the operating conditions, the injection of these fluids generates highly corrosive environments that have an impact on the deterioration of the materials, resulting in risks and operational costs. Therefore, it is necessary to determine the theoretical corrosion products that can be generated in these processes. This research focused on the study of API N-80 carbon steel exposed to a steam and flue gas atmosphere, at pressure and temperature conditions in the ranges of 800 psia - 1100 psia (55 bar - 75 bar) and 520 °F - 560 °F (270 °C - 290 °C) respectively. Based on this environment, to determine the theoretical corrosion products, a thermodynamic simulation stage was developed using HSC Chemistry software, which was used to generate Pourbaix, Ellingham and thermodynamic equilibrium diagrams. It was found that the main theoretical corrosion products corresponded to oxides, carbonates, and hydroxides, among which the significant presence of iron (III) oxide (Fe2O3), iron (II, III) oxide (Fe3O4) and iron carbonate (II) (FeCO3) was corroborated.