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What can economic theory bring to the decommissioning of the North Sea’s oil fields? - Analysing one or more aspects related to decommissioning

Project Description

The UK Oil and Gas Authority has developed a Decommissioning Unit to begin investigating how to decommission the oil fields in the North Sea in a way that is cost effective. Millions of pounds are at stake. The problem of how to decommission in an efficient way encompasses virtually all economically relevant issues, such as uncertainty, inter-temporal tradeoffs, asymmetry of information, presence of externalities, cooperation as opposed to competition. The goal of this project is to analyse one or more aspects related to decommissioning by (i) identifying the economic/econometric models available in the literature that can help to formalise the problem and (ii) applying/adapting such models to the problem under consideration with the objective of providing useful advice to policy-makers.

Applicants interested in this research project should submit a more detailed research proposal (of a maximum of 2000 words)

Funding Notes

This project is funded by a University of Aberdeen Elphinstone Scholarship. An Elphinstone Scholarship covers the cost of tuition fees, whether Home, EU or Overseas. Selection will be made on the basis of academic merit.

Related Subjects

How good is research at Aberdeen University in Business and Management Studies?

FTE Category A staff submitted: 13.30

Research output data provided by the Research Excellence Framework (REF)

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