Estimating Fluctuations in Oil and Gas Investment

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.

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Year of publication:	2014
Authors:	Dahl, Roy Endré ; Osmundsen, Petter
Publisher:	Munich : Center for Economic Studies and ifo Institute (CESifo)
Subject:	investments \| oil industry \| cost overruns \| megaprojects \| business cycles

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Series:	CESifo Working Paper ; 5011
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	799185086 [GVK] hdl:10419/103093 [Handle] RePec:ces:ceswps:_5011 [RePEc]
Classification:	M21 - Business Economics ; L71 - Mining, Extraction, and Refining: Hydrocarbon Fuels ; F21 - International Investment; Long-Term Capital Movements ; E32 - Business Fluctuations; Cycles
Source:	EconStor

Persistent link: https://www.econbiz.de/10010420694