We investigate the potential for statistical forecasting of aggregate oil and gas investment on the Norwegian Continental Shelf (NCS). A unique and detailed dataset containing data from 109 different fields on the NCS between 1970 and 2015 was employed. A set of 1080 autoregressive distributed...

Future production forecasts are the final output of the uncertainty quantification workflows in the oil and gas industry and are essential for decision making. Exploration and production companies have every interest in being unbiased in their forecasts and getting uncertainty estimates right,...

The field report ooks at the economic developments and regional industrial growth with the discovery of oil. It also discusses the different implications on regional political relations as a result of the quantity and geographical territories in which the oil was found. More specifically, the...

The oil and gas sector plays a crucial role in the Norwegian economy. It accounts for a very large proportion of gross domestic product, government revenues, investment and exports. A sharp fall in oil prices has had a significant impact on the economy and focused great attention on the cost...