Exploration economics in a regulated petroleum province: The case of the Norwegian Continental Shelf

An analysis of oil production by OPEC countries: Persistence, breaks, and outliers

“…While studies consider, for example, oil consumption (Mohn and Osmundsen, 2008;Lean and Smyth, 2009), returns on investment in oil (Boone, 2001) and oil exhaustion (Tsoskounoglou et al 2008;Höök and Aleklett, 2008;Karbassi et al 2007), no studies have explored the long memory/persistence properties of OPEC oil production.…”

Long Memory in German Energy Price Indices

“…Previous research on the oil industry has investigated long-memory properties in the case of oil consumption (Mohn and Osmundsen, 2008;Lean and Smyth, 2009), returns on oil investment (Boone, 2001) and oil exhaustion (Karbassi et al 2007;Tsoskounoglou et al 2008;Höök and Aleklett, 2008), and energy prices (Serletis, 1992;Lien and Root, 1999;Elder and Serletis, 2008;Kang et al, 2009). However, there are no existing studies on the degree of persistence of energy prices also allowing for possible breaks in the data.…”

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

“…Mohn and Osmundsen [2008] finds that long-term changes in the oil-price has a strong e↵ect on exploratory drilling though little e↵ect is measured from short-term changes in the oil price. Osmundsen et al [2010] analyses drilling productivity over time on the Norwegian Continental Shelf while Mohn [2008a] finds that higher oil prices leads to higher reserves and as well as that oil prices a↵ect producer risk-preferences -with higher prices leading to lower success rates but larger discovery size.…”