Matches in SemOpenAlex for { <https://semopenalex.org/work/W1984808590> ?p ?o ?g. }
- W1984808590 endingPage "439" @default.
- W1984808590 startingPage "430" @default.
- W1984808590 abstract "We examine the largest cost component in offshore development projects, rig rates. High rig rates in recent years have restricted development of new oil and gas fields, as well as IOR projects and thus increased the cost for importing countries. Thus, it is important to understand developments in rig rates. Using econometric analysis, we examine the effects on jackup rig rates from gas and oil prices, rig capacity utilisation, contract length and lead time, and rig-specific characteristics like drilling depth capacities and rig classification. Having access to a unique data set from the Gulf of Mexico (GoM), containing contract information, we are able to estimate how contract parameters crucial to the relative bargaining power between rig owners and oil and gas companies affect rig rates. We find that increasing lead times and contract lengths enhance the bargaining power of the rig companies and are likely to be associated with higher rates for new contracts. Further, we find that gas prices are more important for jackup rig rates in the GoM area than oil prices — ten percent increase in gas prices leads to nine percent increase in rig rates in the long run, according to our results." @default.
- W1984808590 created "2016-06-24" @default.
- W1984808590 creator A5004725758 @default.
- W1984808590 creator A5017165891 @default.
- W1984808590 creator A5072429898 @default.
- W1984808590 date "2015-05-01" @default.
- W1984808590 modified "2023-10-10" @default.
- W1984808590 title "Understanding rig rate formation in the Gulf of Mexico" @default.
- W1984808590 cites W1974168025 @default.
- W1984808590 cites W1990380835 @default.
- W1984808590 cites W1991488986 @default.
- W1984808590 cites W1998531750 @default.
- W1984808590 cites W1999774290 @default.
- W1984808590 cites W2002507495 @default.
- W1984808590 cites W2007943916 @default.
- W1984808590 cites W2010645374 @default.
- W1984808590 cites W2012331334 @default.
- W1984808590 cites W2014933671 @default.
- W1984808590 cites W2019468314 @default.
- W1984808590 cites W2026093152 @default.
- W1984808590 cites W2032345705 @default.
- W1984808590 cites W2049347841 @default.
- W1984808590 cites W2061321439 @default.
- W1984808590 cites W2081782626 @default.
- W1984808590 cites W2144337318 @default.
- W1984808590 cites W2147933055 @default.
- W1984808590 cites W2151213359 @default.
- W1984808590 cites W3122034369 @default.
- W1984808590 cites W3124882563 @default.
- W1984808590 cites W3125624269 @default.
- W1984808590 doi "https://doi.org/10.1016/j.eneco.2015.03.001" @default.
- W1984808590 hasPublicationYear "2015" @default.
- W1984808590 type Work @default.
- W1984808590 sameAs 1984808590 @default.
- W1984808590 citedByCount "14" @default.
- W1984808590 countsByYear W19848085902016 @default.
- W1984808590 countsByYear W19848085902017 @default.
- W1984808590 countsByYear W19848085902018 @default.
- W1984808590 countsByYear W19848085902019 @default.
- W1984808590 countsByYear W19848085902020 @default.
- W1984808590 countsByYear W19848085902021 @default.
- W1984808590 countsByYear W19848085902022 @default.
- W1984808590 crossrefType "journal-article" @default.
- W1984808590 hasAuthorship W1984808590A5004725758 @default.
- W1984808590 hasAuthorship W1984808590A5017165891 @default.
- W1984808590 hasAuthorship W1984808590A5072429898 @default.
- W1984808590 hasConcept C111368507 @default.
- W1984808590 hasConcept C114793014 @default.
- W1984808590 hasConcept C127313418 @default.
- W1984808590 hasConcept C127413603 @default.
- W1984808590 hasConcept C144133560 @default.
- W1984808590 hasConcept C162284963 @default.
- W1984808590 hasConcept C162324750 @default.
- W1984808590 hasConcept C175444787 @default.
- W1984808590 hasConcept C25197100 @default.
- W1984808590 hasConcept C2777093003 @default.
- W1984808590 hasConcept C2780054715 @default.
- W1984808590 hasConcept C2993723005 @default.
- W1984808590 hasConcept C39432304 @default.
- W1984808590 hasConcept C48057960 @default.
- W1984808590 hasConcept C548081761 @default.
- W1984808590 hasConcept C68189081 @default.
- W1984808590 hasConcept C78519656 @default.
- W1984808590 hasConceptScore W1984808590C111368507 @default.
- W1984808590 hasConceptScore W1984808590C114793014 @default.
- W1984808590 hasConceptScore W1984808590C127313418 @default.
- W1984808590 hasConceptScore W1984808590C127413603 @default.
- W1984808590 hasConceptScore W1984808590C144133560 @default.
- W1984808590 hasConceptScore W1984808590C162284963 @default.
- W1984808590 hasConceptScore W1984808590C162324750 @default.
- W1984808590 hasConceptScore W1984808590C175444787 @default.
- W1984808590 hasConceptScore W1984808590C25197100 @default.
- W1984808590 hasConceptScore W1984808590C2777093003 @default.
- W1984808590 hasConceptScore W1984808590C2780054715 @default.
- W1984808590 hasConceptScore W1984808590C2993723005 @default.
- W1984808590 hasConceptScore W1984808590C39432304 @default.
- W1984808590 hasConceptScore W1984808590C48057960 @default.
- W1984808590 hasConceptScore W1984808590C548081761 @default.
- W1984808590 hasConceptScore W1984808590C68189081 @default.
- W1984808590 hasConceptScore W1984808590C78519656 @default.
- W1984808590 hasFunder F4320323299 @default.
- W1984808590 hasLocation W19848085901 @default.
- W1984808590 hasOpenAccess W1984808590 @default.
- W1984808590 hasPrimaryLocation W19848085901 @default.
- W1984808590 hasRelatedWork W1535378919 @default.
- W1984808590 hasRelatedWork W1539134369 @default.
- W1984808590 hasRelatedWork W1975379337 @default.
- W1984808590 hasRelatedWork W1977516985 @default.
- W1984808590 hasRelatedWork W2004704507 @default.
- W1984808590 hasRelatedWork W2319429028 @default.
- W1984808590 hasRelatedWork W2352263460 @default.
- W1984808590 hasRelatedWork W2387610361 @default.
- W1984808590 hasRelatedWork W2467442772 @default.
- W1984808590 hasRelatedWork W2607821312 @default.
- W1984808590 hasVolume "49" @default.
- W1984808590 isParatext "false" @default.
- W1984808590 isRetracted "false" @default.
- W1984808590 magId "1984808590" @default.