The effect of oil prices on field production: Evidence from the Norwegian Continental Shelf
Journal article, Peer reviewed
MetadataShow full item record
- Scientific articles 
Original versionOxford Bulletin of Economics and Statistics, 79(2017)1, 124-144 http://dx.doi.org/10.1111/obes.12138
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.
The accepted and peer reviewed manuscript