North Sea decommissioning : valuing the options
This paper develops a model of the decision to decommission an oil platform offshore the UK, using elementary options valuation It contrasts the choice of decommissioning date under expected or certain-equivalent value with the dates that would be optimal if options values for continuing production...
| Main Authors: | , |
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| Format: | Working paper |
| Language: | English |
| Published: |
Oxford Institute for Energy Studies
1997
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