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

Mauritzen, Johannes
Journal article, Peer reviewed
Accepted version
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oil_prices.pdf (3.968Mb)
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http://hdl.handle.net/11250/2579917
Utgivelsesdato
2016
Metadata
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  • Publikasjoner fra CRIStin - BI [647]
  • Scientific articles [1338]
Originalversjon
Oxford Bulletin of Economics and Statistics. 2016, 79 (1), 124-144.   10.1111/obes.12138
Sammendrag
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
Authors are permitted to self-archive the peer-reviewed (but not final) version of a contribution on the contributor's personal website, in the contributor's institutional repository or archive, subject to an embargo period of 24 months for social science and humanities (SSH) journals and 12 months for scientific, technical, and medical (STM) journals following publication of the final contribution.

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