Fatigue is generally considered the most critical failure mode in mechanical and structural systems. Due to high-stress concentrations, welded joints represent the most common fatigue crack initiation in steel structures susceptible to fatigue. In India, especially in western offshore, there are about 300 platforms, and 50% of them have reached their design life but still operating due to existing oil and gas reserves. Fatigue prediction in offshore structures is an extremely complicated process involving many factors such as complicated geometry, material, loading, and environment. These uncertainties are modelled as random variables. The assessment of failure probabilities takes a basis to formulate a limit state function for the relevant failure mode and deterioration mechanisms. The fatigue failure assessment based on a simplified probabilistic approach using the application of reliability-based procedures such as the First Order Reliability Method (FORM) is a useful tool. In the simplified fatigue assessment method, the two-parameter Weibull distribution is used to model the long-term distribution of fatigue stresses. Reliability of tubular joint using known fatigue life is an important factor in decision making for life extension of aged platforms. The methodology adopted in this study uses the linear damage accumulation model of Palmgren-Miner, double slope S-N curve, and one-to-one transformation of the probability density functions of long-term stress range and uncertainties to obtain the probability of fatigue failure as a function of the service life from known fatigue life.