• Cost estimates and investment decisions 

      Emhjellen, Kjetil; Emhjellen, Magne; Osmundsen, Petter (Report, Research report, 2001-08)
      When evaluating new investment projects, oil companies traditionally use the discounted cashflow method. This method requires expected cashflows in the numerator and a risk adjusted required rate of return in the denominator ...
    • Cost overruns and cost estimation in the North Sea 

      Emhjellen, Magne; Emhjellen, Kjetil; Osmundsen, Petter (Working Paper, Working paper, 2001-10)
      Recently, a Norwegian government report on the cost overruns of projects in the North Sea was presented (NOU 1999:11). It concluded that there was a 25% increase in development costs from project sanction (POD, Plan for ...