Controlled method and apparatus for releasing pressure

An apparatus for releasing pressure from an internally pressurized fluid carrying pipe, the pipe having a wall having a threaded aperture therein, comprising:

• a) a cylindrical plug in said pipe wall carrying a hydrocarbon fluid under pressure for relieving excess pressure in said pipe, said plug having upper and lower ends and an outer surface, said plug having a centrally disposed bore therein, said bore extending along the central longitudinal axis from said upper end to said lower end of said plug, said central longitudinal axis being at a right angle to a central axis of said pipe carrying said hydrocarbon fluid, said plug extending into an interior of said pipe in line of flow of said hydrocarbon fluid;
• b) first threads being disposed on said outer surface in a lower portion of said plug extending from a midsection point of said plug to said lower end of said plug, for attaching said plug to the mating threaded aperture of the pipe wall, wherein said midsection point of said plug is aligned with an outer surface of said pipe;
• c) a vent hole extending out at a right angle from said centrally disposed bore to said outer surface of said plug, wherein said vent hole has a first end which fluidly connects with said bore and a second end terminating on said outer surface of said plug, said vent hole being disposed in the unthreaded outer portion of said plug;
• d) second threads being disposed in said bore extending from said upper end of said plug to a point below said first end of said vent hole and above the outer surface of said pipe wall, said second threads having upper and lower ends;
• e) a female seat being disposed in said bore at a bottom end of said second threads of said bore;
• and,
• f) a threaded bolt having first and second ends threaded into a threaded portion of said bore, a hex head being disposed on said first end, said bolt having a male tapered seat disposed on said second end thereof mating with said female seat when said bolt is fully threaded into said bore so as to form a seal, said threaded bolt having an o-ring mounted along an outer rim of said male tapered seat, said bolt having a length equal to a length of the threaded portion so that the hex head contacts the plug, whereby said male tapered seat is unmated with said female seat when said bolt is unscrewed from said bore releasing pressurized fluid from the pipe through said bore and said vent hole when said male tapered seat becomes disposed above said first end of said vent hole.