• The choice of strategic core : impact of financial volum 

      Emhjellen, Magne; Hausken, Kjell; Osmundsen, Petter (Working Paper, Working paper, 2001-10)
      Recent trends among major oil companies and independents have been consolidation through mergers and acquisitions and focus on key strategic core areas. The expressed goals have been to achieve synergy, reduce costs, and ...
    • 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 ...
    • Discounted cash flow and modern asset pricing methods : project selection and policy implications 

      Emhjellen, Magne; Alaouze, Chris M. (Working Paper, Working paper, 2002-06)
      We examine the differences in the net present values (NPV's) of North Sea oil projects obtained using the Weighted Average Cost of Capital (WACC) and a Modern Asset Pricing (MAP) method which involves the separate discounting ...
    • Project valuation when there are two cashflow streams 

      Emhjellen, Magne; Alaouze, Chris M. (Working Paper, Working paper, 2002-06)
      Some authors (Lewellen, 1977, Shall, 1972, Butters et al., 1987, Laughton and Jacoby, 1993, Jacoby and Laughton, 1992, Salahor, 1998) advocate the separate discounting of different cashflows when calculating net present ...
    • Størrelse og lønnsomhet i den internasjonale olje- og gassindustrien 

      Osmundsen, Petter; Mohn, Klaus; Emhjellen, Magne; Helgeland, Flemming (Arbeidsnotat, Working paper, 2002-06)
      I flere bransjer har vi sett en serie av fusjoner og oppkjøp. I den internasjonale olje- og gassindustrien har denne aktiviteten gitt oss nye selskaper som ExxonMobil og TotalFinaElf, BP og Amoco er smeltet sammen og la ...
    • Transnational energy companies’ investment allocation decisions 

      Osmundsen, Petter; Emhjellen, Magne; Halleraker, Morten (Working Paper, Working paper, 2001-10)
      When making international capital budgeting decisions, energy companies are often faced with capital and organisational constraints. The constraints may be real or management imposed. In addition, when entering into a new ...