Steve Jones recently addressed this question:
BS 4515-1:
"When a pipe with one longitudinal seam is used, this seam shall be located within the top half of the pipe circumference and the
longitudinal seams of adjacent full pipe lengths shall be offset by an angle of approximately 90º or by a circumferential distance of approximately 250 mm, whichever is the smaller."
The engineering and corrosion points of view are:
1. Fracture arrest of cracks initiated in the weld zone of the seam
2. The greatest accumulation of liquid water as a corrodent would be expected at the bottom of the pipeline and the seam, being a different material to the pipe body, might give rise to preferential corrosion