- 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).
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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... - Publication status:
- Published
- Peer review status:
- Reviewed (other)
- Version:
- Publisher's version
- Files:
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(pdf, 1.5mb)
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- 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
- Copyright holder:
- Oxford Institute for Energy Studies
- Copyright date:
- 1991
Working paper
Oil investment in the North Sea
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