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The effect of oil prices on field production: Evidence from the Norwegian Continental Shelf

Mauritzen, Johannes
Journal article, Peer reviewed
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URI
http://hdl.handle.net/11250/2437097
Date
2017
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  • Scientific articles [1667]
Original version
Oxford Bulletin of Economics and Statistics, 79(2017)1, 124-144   http://dx.doi.org/10.1111/obes.12138
Abstract
I use detailed field-level data on Norwegian offshore oil production and a semi-parametric additive model to control for the production profile of fields to estimate the effect of oil prices on production. I find no significant evidence of a concurrent reaction of field production to oil prices, though a modest lagged effect is found of the magnitude of approximately 2% to 7% for a $10 per barrel increase in the real price of oil.
Description
The accepted and peer reviewed manuscript
Publisher
Wiley
Journal
Oxford Bulletin of Economics and Statistics

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