This paper studies how drilling costs are affected by the business cycle. We decompose the major elements in these costs - rig rates and drilling speed - and examine how they interact with variations in oil prices. A highly relevant consideration in the current circumstances is whether oil...

This paper studies how drilling costs are affected by the business cycle. We decompose the major elements in these costs – rig rates and drilling speed –- and examine how they interact with variations in oil prices. A highly relevant consideration in the current circumstances is whether oil...

Drilling expenses has increased sharply in recent years. The productivity of drilling operations - in terms of meters drilled per day - significantly influences exploration costs. This study analyzes the effect of different types of learning on offshore drilling productivity. The econometric...

Recently, we have seen falling oil prices combined with sticky costs at a high level in thepetroleum industry. This causes project postponements, thus challenging reserve replacement ofoil companies and security of supply for consumers. Costs are particularly high for drilling. Highrig rates are...

This paper studies how drilling costs are affected by the business cycle. We decompose the major elements in these costs – rig rates and drilling speed – and examine how they interact with variations in oil prices. A highly relevant consideration in the current circumstances is whether oil...

Drilling expenses has increased sharply in recent years. Average meters drilled per day significantly influences exploration costs. Hence it is important to understand the factors that determine meter per day. In this study we analyse the effect of drilling depth on meter per day. There are...

This paper studies how drilling costs are affected by the business cycle. We decompose the major elements in these costs – rig rates and drilling speed – and examine how they interact with variations in oil prices. A highly relevant consideration in the current circumstances is whether oil...

Drilling expenses has increased sharply in recent years. The productivity of drilling operations - in terms of meters drilled per day - significantly influences exploration costs. Hence it is important to understand the factors that determine drilling productivity. In this study we analyze the...