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Oil investment in the North Sea

Subtitle:
OIES paper: EE15
Abstract:

Investment in the United Kingdom Continental Shelf (UKCS) involves three separate but highly interrelated activities: exploration, development and production. The exploration and extraction decisions were analysed recently by Pesaran (1990) and Favero (1990).

The aim of this paper is to provide a model of the investment decision in the UKCS, where the development process is explicitly modelled within an intertemporal optimization framework. The model highlights the importance of the...

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Publication status:
Published
Peer review status:
Reviewed (other)
Version:
Publisher's version

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Institution:
University of Oxford
Research group:
Oxford Institute for Energy Studies
More by this author
Institution:
University of Oxford
Research group:
Oxford Institute for Energy Studies
Publisher:
Oxford Institute for Energy Studies Publisher's website
Publication date:
1991
URN:
uuid:6640fe55-4443-43a2-a7df-73bc482a7542
Local pid:
ora:10267
ISBN:
0-948061-65-0

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