Seawater leakage commonly leads to corrosion in the inner lining of submarine bimetallic pipes, with significant financial implications for the offshore oil and gas production industry. This study aims to improve understanding of the performance of bimetallic pipes by investigating the corrosion behaviors of mechanically bonded 316L stainless steel. Immersion experiments were conducted in a seawater environment, under both atmospheric conditions and high temperature and high pressure conditions, and corroded surfaces were examined using scanning electron microscopy (SEM) and energy-dispersive X-ray spectroscopy (EDS) to reveal micromorphology and elementary compositions. The results demonstrated that the corrosion rates of the bonded 316L specimen were between 5% and 20% higher than those of specimens without bonding under atmospheric conditions. This is attributed to the stress cracking that occurs during corrosion. Under high temperature and high pressure conditions, the corrosion rates were remarkably increased (91% to 135%) and the corrosion process took longer to reach equilibrium. This may be attributed, firstly, to the products becoming increasingly porous and weak, and also to the fluid stress caused by stirring in these experiments to simulate seawater movement.