A Comparison of Oil Project NPV's in the North Sea Obtained using the Weighted Average Cost of Capital Discounting Method and a Modern Asset Pricing Method

M. Emhjellen and C.M. Alaouze

Working Papers from New South Wales - School of Economics

Abstract: This paper examines the difference in the net present values (NPV's) of North sea oil projects obtained using discounted cashflow methods based on the Weighted Average Cost of Capital (WACC) and a Modern Asset Pricing (MAP) method (Laughton and Jacoby, 1993; Jacoby and Laughton, 1992).

Keywords: COSTS; CAPITAL; ENERGY (search for similar items in EconPapers)
JEL-codes: C00 L71 Q30 (search for similar items in EconPapers)
Pages: 25 pages
Date: 1999
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:fth:nesowa:99/15

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