A high-purity fuel-grade plutonium dioxide material from the Material Identification and Surveillance (MIS) Program inventory has been studied with regard to gas generation and corrosion in a storage environment. Sample PBO-47-09-012-023 originated from the Hanford continuous oxalate precipitation and calcination process and represents plutonium oxides from multiple processes currently stored in 3013 containers. After calcination to 950°C, the material contained 87.5% plutonium/americium with no major impurities. This study followed over time the gas pressure of a sample with nominally 0.5 wt% water in a sealed container with an internal volume scaled to 1/400 th of the volume of a 3013 container. Gas compositions were measured periodically over a three year period. The maximum observed gas pressure was 96 kPa. The increase over the initial pressure was primarily due to generation of hydrogen (5.7 kPa) and nitrogen (2 kPa) gas. Oxygen was a minor component of the initial headspace gas and was depleted. At the completion of the study, the internal components of the sealed container did not show significant signs of corrosion.