The effect of oil prices on field production: evidence from the Norwegian continental shelf

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.

Utgiver

Wiley

Tidsskrift

Oxford Bulletin of Economics and Statistics

Opphavsrett

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