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Persistent link: https://www.econbiz.de/10011941401
We show how a recent drop in the Norwegian capital uplift rate by two percentage points changes optimal field design and reduces field value for shareholders. Although optimal design changes considerably and value drops by 12%, the ability to reoptimize design after the shock is worth only 1.5%...
Persistent link: https://www.econbiz.de/10012932122