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This paper addresses the probabilistic analysis of casing tubulars, regarding the failure modes defined in API 5C3 code, which refers to the violation of elastic regime due to internal and external pressures, and axial force. The casing system performs important structural and isolation functions, ensuring the well integrity through its life cycle. The reliability-based casing design handles rigorously the uncertainties associated with the tube manufacturing, as variations in geometrical and mechanical properties, allowing to evaluate the probability of failure. It is presented a parametric analysis over different steel grades and tube slenderness, besides the application to a design scenario, by using Monte Carlo simulation and first-order reliability method. The results indicate that: collapse is the dominant failure mode; wall thickness and the yield limit govern the probabilistic response; the triaxial envelopes, revisited in a …