Estimating Fluctuations in Oil and Gas Investment

Roy Dahl (roy.e.dahl@uis.no) and Petter Osmundsen

No 5011, CESifo Working Paper Series from CESifo

Abstract: Governments in extraction countries are anxious to estimate expected investment in development projects, since they represent an essential element of the macro economy. The overall level of activity is also crucial to oil companies, since the macro picture affects cost levels, the supplies market and recruitment opportunities. The paper outlines factors that explain fluctuations in investment in petroleum projects on the Norwegian continental shelf.

Keywords: investments; oil industry; cost overruns; megaprojects; business cycles (search for similar items in EconPapers)
JEL-codes: E32 F21 L71 M21 (search for similar items in EconPapers)
Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Related works:
Working Paper: Estimating fluctuations in oil and gas investment (2014)
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