Exploration drilling productivity at the Norwegian shelf

Journal of Petroleum Science and Engineering

Volumn 73, Issue 1-2, 2010, Pages 122-128

  Osmundsen, Petter ^a   Roll, Kristin Helen ^a   Tveterås, Ragnar ^a  

^a UNIVERSITY OF STAVANGER   (Norway)

Author keywords

Drilling; Econometrics; Exploration; Productivity

Indexed keywords

DATA SETS; ECONOMETRIC ANALYSIS; ECONOMETRICS; EXPLORATION; EXPLORATION DRILLING; EXPLORATION WELLS; NORWEGIAN CONTINENTAL SHELVES; NORWEGIAN SHELF; OIL COMPANIES; OIL PRICES; SECURITY OF SUPPLY;

PETROLEUM INDUSTRY; PRODUCTIVITY; WELL DRILLING;

WELLS;

DEEP DRILLING; DRILLING RIG; ECONOMETRICS; HYDROCARBON EXPLORATION; OIL INDUSTRY; OIL PRODUCTION; OIL WELL;

ARCTIC OCEAN; NORWEGIAN SEA; NORWEGIAN SHELF [NORWEGIAN SEA];

EID: 78649930137     PISSN: 09204105     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.petrol.2010.05.015     Document Type: Article

References (18)

1. Christensen L.R., Jorgenson D.W., Lau L.J. Transcendental logarithmic production frontiers. Rev. Econ. Stat. 1973, 55:28-45.
2. Corts, K., 2000. Turnkey contracts as a response to incentive problems: evidence from the offshore drilling industry. Unpublished working paper, Harvard University.
3. Corts K.S., Singh J. The effect of repeated interaction on contract choice: evidence from offshore drilling. J. Law, Econ., Organ. 2004, 20:230-260.
4. IEA World Energy Outlook 2008, International Energy Agency, Paris.
5. Iledare O.O., Pulsipher A. Sources of change in petroleum drilling productivity in onshore Lousiana in the US, 1977-1994. Energy Econ. 1999, 21:261-271.
6. Kellogg R. Learning by drilling: inter-firm learning and relationship persistence in the Texas Oilpatch. Working Paper No. 15060, NBER http://www.nber.org/papers/w15060.
7. Kemp A., Kasim S. A regional model of oil and gas exploration in the UKCS. Scottish J. Political Econ. 2006, 53:198-221.
8. The Resource Report 2007 2007, Norwegian Petroleum Directorate, The Norwegian Petroleum Directorate, Stavanger, Norway.
9. Managi S., Opaluch J.J., Jin D., Grigalunas T.A. Technological change and petroleum exploration in the Gulf of Mexico. Energy Policy 2005, 33:619-632.
10. Fact Sheet 2008: Norwegian petroleum activity 2008, Ministry of Petroleum and Energy, The Norwegian Ministry of Petroleum and Energy, Oslo, Norway, http://www.npd.no/English/Produkter+og+tjenester/Publikasjoner/Faktaheftet/Faktaheftet+2008/fakta2008.htm.
11. Mohn K. Efforts and efficiency in oil exploration: a vector error-correction approach. Energy J. 2008, 30:53-78.
12. Mohn K., Osmundsen P. Exploration economics in a regulated petroleum Province. Energy Econ. 2008, 30:303-320.
13. Osmundsen P. Incentives for drilling contractors. Explor. Prod., Oil Gas Rev. 2009, 7:73-75.
14. Osmundsen P., Toft A., Dragvik K.A. Design of drilling contracts - economic incentives and safety issues. Energy Policy 2006, 34:2324-2329.
15. Osmundsen P., Sørenes T., Toft A. Drilling contracts and incentives. Energy Policy 2008, 36:3138-3144.
16. Osmundsen, P., Sørenes, T., and Toft, A., 2009. Oil service contracts - new incentive schemes to promote drilling efficiency. Unpublished working paper, The University of Stavanger. http://www1.uis.no/ansatt/odegaard/uis_wps_econ_fin/uis_wps_2009_7_osmundsen_sorenes_toft.pdf.
17. Snead, M.C., 2005.The Economics of Deep Drilling in Oklahoma. Unpublished working paper, Oklahoma State University. http://spears.okstate.edu/files/documents/caer/Research/economics_of_deep_drilling.pdf.
18. White H. A heteroskedasticity-consistent covariance matrix estimator and a direct test for heteroskedasticity. Econometrica 1980, 48:817-838.