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Optimal dynamic production from a large oil field in Saudi Arabia

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  • Weiyu Gao

  • Peter Hartley

  • Robin Sickles

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  • Weiyu Gao & Peter Hartley & Robin Sickles, 2009. "Optimal dynamic production from a large oil field in Saudi Arabia," Empirical Economics, Springer, vol. 37(1), pages 153-184, September.
    • Handle: RePEc:spr:empeco:v:37:y:2009:i:1:p:153-184
    DOI: 10.1007/s00181-008-0227-9
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    References listed on IDEAS

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    5. Neher,Philip A., 1990. "Natural Resource Economics," Cambridge Books, Cambridge University Press, number 9780521311748, Enero-Abr.
    6. Griffin, James M, 1985. "OPEC Behavior: A Test of Alternative Hypotheses," American Economic Review, American Economic Association, vol. 75(5), pages 954-963, December.
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    10. Harold Hotelling, 1931. "The Economics of Exhaustible Resources," Journal of Political Economy, University of Chicago Press, vol. 39(2), pages 137-137.
    11. Jacques Cremer & Djavad Salehi-Isfahani, 1989. "The Rise and Fall of Oil Prices: a Competitive View," Annals of Economics and Statistics, GENES, issue 15-16, pages 427-454.
    12. Guilkey, David K & Lovell, C A Knox & Sickles, Robin C, 1983. "A Comparison of the Performance of Three Flexible Functional Forms," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 24(3), pages 591-616, October.
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    Citations

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    Cited by:

    1. Ghandi, Abbas & Lin, C.-Y. Cynthia, 2012. "Do Iran’s buy-back service contracts lead to optimal production? The case of Soroosh and Nowrooz," Energy Policy, Elsevier, vol. 42(C), pages 181-190.
    2. Alves, Joana Duarte Ouro & Faria, Weslem Rodrigues, 2024. "Reserves, well drilling and production: Assessing the optimal trajectory of oil extraction for Brazil," Resources Policy, Elsevier, vol. 88(C).
    3. Islam Rizvanoghlu, 2016. "Comment on: “Optimal dynamic production from a large oil field in Saudi Arabia”," Empirical Economics, Springer, vol. 51(3), pages 1281-1288, November.
    4. Anatoly D. Zelepugin & Andrey V. Belousov, 2021. "Socio-economic aspects of the rational use of natural resources," Economic Consultant, Scientific and Educational Initiative LLC, vol. 35(3), pages 30-37.
    5. Calvo, Jorge Andrés Perdomo & Pérez, Ana María Jaramillo, 2016. "Optimal extraction policy when the environmental and social costs of the opencast coal mining activity are internalized: Mining District of the Department of El Cesar (Colombia) case study," Energy Economics, Elsevier, vol. 59(C), pages 159-166.
    6. Ghandi, Abbas & Lin Lawell, C.-Y. Cynthia, 2017. "On the rate of return and risk factors to international oil companies in Iran's buy-back service contracts," Energy Policy, Elsevier, vol. 103(C), pages 16-29.
    7. Hendalianpour, Ayad & Liu, Peide & Amirghodsi, Sirous & Hamzehlou, Mohammad, 2022. "Designing a System Dynamics model to simulate criteria affecting oil and gas development contracts," Resources Policy, Elsevier, vol. 78(C).
    8. Kheiravar, Khaled H, 2019. "Economic and Econometric Analyses of the World Petroleum Industry, Energy Subsidies, and Air Pollution," Institute of Transportation Studies, Working Paper Series qt3gj151w9, Institute of Transportation Studies, UC Davis.

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    Keywords

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    JEL classification:

    • C30 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - General
    • C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis
    • Q32 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Exhaustible Resources and Economic Development
    • Q41 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Demand and Supply; Prices

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