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
Institutions:	CESifo
Subject:	investments \| oil industry \| cost overruns \| megaprojects \| business cycles

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Extent:	application/pdf
Series:	CESifo Working Paper Series.
Type of publication:	Book / Working Paper
Notes:	Number 5011
Classification:	M21 - Business Economics ; L71 - Mining, Extraction, and Refining: Hydrocarbon Fuels ; F21 - International Investment; Long-Term Capital Movements ; E32 - Business Fluctuations; Cycles
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010948869