The aim of this paper is to estimate the value of the Lebanese oil resources. It presents an overview of the natural resources within the Lebanese territories and economic zone. Furthermore, it analyses the oil spot price characteristics and volatility. It studies the oil future market while...

Combining judgmental assessments using a classical probabilistic hierarchical model helps insure logical coherence of probability assessments by geologists of petroleum volumes in multiple, probabilistically dependent assessment units and allows easy study of how the predictive distribution of...

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...