The Effect of Oil Prices on Field Production : Evidence from the Norwegian Continental Shelf

I use detailed field-level data on Norwegian offshore oil production and a semi-parametric additive model to control for the production profile of fields to estimate the effect of oil prices on production. I find no significant evidence of a concurrent reaction of field production to oil prices, though a modest lagged effect is found of the magnitude of approximately 2% to 7% for a $10 per barrel increase in the real price of oil

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Year of publication:	2017
Authors:	Mauritzen, Johannes
Publisher:	[2017]: [S.l.] : SSRN
Subject:	Erdölgewinnung \| Petroleum extraction \| Ölpreis \| Oil price \| Norwegen \| Norway \| Offshore-Industrie \| Offshore industry

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Extent:	1 Online-Ressource (34 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments April 5, 2016 erstellt
Other identifiers:	10.2139/ssrn.2927706 [DOI]
Classification:	Q4 - Energy ; L71 - Mining, Extraction, and Refining: Hydrocarbon Fuels
Source:	ECONIS - Online Catalogue of the ZBW

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