S. Sharma

Contact

WP_Query Object
(
    [query] => Array
        (
            [post_type] => publications
            [posts_per_page] => -1
            [meta_query] => Array
                (
                    [0] => Array
                        (
                            [key] => author
                            [value] => 14561
                            [compare] => LIKE
                        )

                )

        )

    [query_vars] => Array
        (
            [post_type] => publications
            [posts_per_page] => -1
            [meta_query] => Array
                (
                    [0] => Array
                        (
                            [key] => author
                            [value] => 14561
                            [compare] => LIKE
                        )

                )

            [error] => 
            [m] => 
            [p] => 0
            [post_parent] => 
            [subpost] => 
            [subpost_id] => 
            [attachment] => 
            [attachment_id] => 0
            [name] => 
            [static] => 
            [pagename] => 
            [page_id] => 0
            [second] => 
            [minute] => 
            [hour] => 
            [day] => 0
            [monthnum] => 0
            [year] => 0
            [w] => 0
            [category_name] => 
            [tag] => 
            [cat] => 
            [tag_id] => 
            [author] => 
            [author_name] => 
            [feed] => 
            [tb] => 
            [paged] => 0
            [meta_key] => 
            [meta_value] => 
            [preview] => 
            [s] => 
            [sentence] => 
            [title] => 
            [fields] => 
            [menu_order] => 
            [embed] => 
            [category__in] => Array
                (
                )

            [category__not_in] => Array
                (
                )

            [category__and] => Array
                (
                )

            [post__in] => Array
                (
                )

            [post__not_in] => Array
                (
                )

            [post_name__in] => Array
                (
                )

            [tag__in] => Array
                (
                )

            [tag__not_in] => Array
                (
                )

            [tag__and] => Array
                (
                )

            [tag_slug__in] => Array
                (
                )

            [tag_slug__and] => Array
                (
                )

            [post_parent__in] => Array
                (
                )

            [post_parent__not_in] => Array
                (
                )

            [author__in] => Array
                (
                )

            [author__not_in] => Array
                (
                )

            [ignore_sticky_posts] => 
            [suppress_filters] => 
            [cache_results] => 1
            [update_post_term_cache] => 1
            [lazy_load_term_meta] => 1
            [update_post_meta_cache] => 1
            [nopaging] => 1
            [comments_per_page] => 50
            [no_found_rows] => 
            [order] => DESC
        )

    [tax_query] => WP_Tax_Query Object
        (
            [queries] => Array
                (
                )

            [relation] => AND
            [table_aliases:protected] => Array
                (
                )

            [queried_terms] => Array
                (
                )

            [primary_table] => wp_posts
            [primary_id_column] => ID
        )

    [meta_query] => WP_Meta_Query Object
        (
            [queries] => Array
                (
                    [0] => Array
                        (
                            [key] => author
                            [value] => 14561
                            [compare] => LIKE
                        )

                    [relation] => OR
                )

            [relation] => AND
            [meta_table] => wp_postmeta
            [meta_id_column] => post_id
            [primary_table] => wp_posts
            [primary_id_column] => ID
            [table_aliases:protected] => Array
                (
                    [0] => wp_postmeta
                )

            [clauses:protected] => Array
                (
                    [wp_postmeta] => Array
                        (
                            [key] => author
                            [value] => 14561
                            [compare] => LIKE
                            [alias] => wp_postmeta
                            [cast] => CHAR
                        )

                )

            [has_or_relation:protected] => 
        )

    [date_query] => 
    [request] => SELECT   wp_posts.* FROM wp_posts  INNER JOIN wp_postmeta ON ( wp_posts.ID = wp_postmeta.post_id ) WHERE 1=1  AND ( 
  ( wp_postmeta.meta_key = 'author' AND wp_postmeta.meta_value LIKE '%14561%' )
) AND wp_posts.post_type = 'publications' AND (wp_posts.post_status = 'publish' OR wp_posts.post_status = 'acf-disabled') GROUP BY wp_posts.ID ORDER BY wp_posts.post_date DESC 
    [posts] => Array
        (
            [0] => WP_Post Object
                (
                    [ID] => 28102
                    [post_author] => 1
                    [post_date] => 1992-01-01 00:00:39
                    [post_date_gmt] => 1992-01-01 00:00:39
                    [post_content] => Irreversible investment under uncertainty has recently received a considerable amount of attention in the theoretical literature [McDonald and Siege1 (19861, Dixit (1989, 1991), Pindyck (1988, 1989), Ingersoll and Ross (1990)’ Bertola (1990)]. When an investment decision is costly to reverse and the payoffs are uncertain, the investment decision involves comparing the value of investing today with the present value of investing at all possible times in the future. The investment expenditure involves the cost of ‘exercising the option’ to invest at any time in the future and a project is adopted only when the expected payoff exceeds the cost by an amount equal to the value of the option. Option pricing techniques have been used to examine the determinants of irreversible investment under uncertainty, and show that even risk-neutral firms may be reluctant to invest when the future is uncertain. Oil investment in the North Sea is an example of irreversible investment. It involves three separate but highly interrelated activities: exploration, development of the oilfield, and extraction, We claim that on the United Kingdom Continental Shelf (IJKCS) the irreversible decision is made when development is undertaken. In other words, the exploration activity provides the firm with the option to invest, whose value is affected by the uncertainty that surrounds future oil prices.
                    [post_title] => Uncertainty & Irreversible Investment: An Empirical Analysis of	Development of Oilfields on the UKCS
                    [post_excerpt] => 
                    [post_status] => publish
                    [comment_status] => closed
                    [ping_status] => closed
                    [post_password] => 
                    [post_name] => uncertainty-irreversible-investment-an-empirical-analysis-ofdevelopment-of-oilfields-on-the-ukcs
                    [to_ping] => 
                    [pinged] => 
                    [post_modified] => 2016-03-01 16:06:24
                    [post_modified_gmt] => 2016-03-01 16:06:24
                    [post_content_filtered] => 
                    [post_parent] => 0
                    [guid] => https://www.oxfordenergy.org/wpcms/publications/uncertainty-irreversible-investment-an-empirical-analysis-ofdevelopment-of-oilfields-on-the-ukcs/
                    [menu_order] => 0
                    [post_type] => publications
                    [post_mime_type] => 
                    [comment_count] => 0
                    [filter] => raw
                )

        )

    [post_count] => 1
    [current_post] => -1
    [in_the_loop] => 
    [post] => WP_Post Object
        (
            [ID] => 28102
            [post_author] => 1
            [post_date] => 1992-01-01 00:00:39
            [post_date_gmt] => 1992-01-01 00:00:39
            [post_content] => Irreversible investment under uncertainty has recently received a considerable amount of attention in the theoretical literature [McDonald and Siege1 (19861, Dixit (1989, 1991), Pindyck (1988, 1989), Ingersoll and Ross (1990)’ Bertola (1990)]. When an investment decision is costly to reverse and the payoffs are uncertain, the investment decision involves comparing the value of investing today with the present value of investing at all possible times in the future. The investment expenditure involves the cost of ‘exercising the option’ to invest at any time in the future and a project is adopted only when the expected payoff exceeds the cost by an amount equal to the value of the option. Option pricing techniques have been used to examine the determinants of irreversible investment under uncertainty, and show that even risk-neutral firms may be reluctant to invest when the future is uncertain. Oil investment in the North Sea is an example of irreversible investment. It involves three separate but highly interrelated activities: exploration, development of the oilfield, and extraction, We claim that on the United Kingdom Continental Shelf (IJKCS) the irreversible decision is made when development is undertaken. In other words, the exploration activity provides the firm with the option to invest, whose value is affected by the uncertainty that surrounds future oil prices.
            [post_title] => Uncertainty & Irreversible Investment: An Empirical Analysis of	Development of Oilfields on the UKCS
            [post_excerpt] => 
            [post_status] => publish
            [comment_status] => closed
            [ping_status] => closed
            [post_password] => 
            [post_name] => uncertainty-irreversible-investment-an-empirical-analysis-ofdevelopment-of-oilfields-on-the-ukcs
            [to_ping] => 
            [pinged] => 
            [post_modified] => 2016-03-01 16:06:24
            [post_modified_gmt] => 2016-03-01 16:06:24
            [post_content_filtered] => 
            [post_parent] => 0
            [guid] => https://www.oxfordenergy.org/wpcms/publications/uncertainty-irreversible-investment-an-empirical-analysis-ofdevelopment-of-oilfields-on-the-ukcs/
            [menu_order] => 0
            [post_type] => publications
            [post_mime_type] => 
            [comment_count] => 0
            [filter] => raw
        )

    [comment_count] => 0
    [current_comment] => -1
    [found_posts] => 1
    [max_num_pages] => 0
    [max_num_comment_pages] => 0
    [is_single] => 
    [is_preview] => 
    [is_page] => 
    [is_archive] => 1
    [is_date] => 
    [is_year] => 
    [is_month] => 
    [is_day] => 
    [is_time] => 
    [is_author] => 
    [is_category] => 
    [is_tag] => 
    [is_tax] => 
    [is_search] => 
    [is_feed] => 
    [is_comment_feed] => 
    [is_trackback] => 
    [is_home] => 
    [is_404] => 
    [is_embed] => 
    [is_paged] => 
    [is_admin] => 
    [is_attachment] => 
    [is_singular] => 
    [is_robots] => 
    [is_posts_page] => 
    [is_post_type_archive] => 1
    [query_vars_hash:WP_Query:private] => e2ec489bac6cf275724af2c63c16e47f
    [query_vars_changed:WP_Query:private] => 
    [thumbnails_cached] => 
    [stopwords:WP_Query:private] => 
    [compat_fields:WP_Query:private] => Array
        (
            [0] => query_vars_hash
            [1] => query_vars_changed
        )

    [compat_methods:WP_Query:private] => Array
        (
            [0] => init_query_flags
            [1] => parse_tax_query
        )

)

Latest Publications by S. Sharma

Latest Tweets from @OxfordEnergy

  • OIES presentation on oil market outlook: Balance of risks indicates that an unexpected slowdown in global activity… https://t.co/5NnHV2GtbS

    August 16th

  • Economic Diversification in the Context of Peak Oil and the Energy Transition https://t.co/mVi1REW4e2

    August 15th

  • OIES study quoted on how Convention on Caspian Sea may boost regional energy cooperation: Several issues remain inc… https://t.co/5Cm4Ql285S

    August 13th

Sign up for our Newsletter

Register your email address here and we will send you notification of new publications, comment, articles etc. automatically.