Authors: Robert Mabro, R. Bacon, M Chadwick, D. Long,

The Market for North Sea Crude Oil

This is the first comprehensive Study of the market for North Sea crudes. Written by a team comprised of academic economists and professionals from the oil industry, the book analyses and describes all the main features of the market. The operations of the market are examined in detail, and the main buyers and sellers of North Sea oil are identified and their behaviour explained.

The book discusses the institutional framework under which the North Sea market functions, the policies of the UK and Norwegian governments and the oil fiscal regime in these two countries. Because of the role played by the North Sea in the world oil market, this study provides considerable insight on the important issues of the price of oil.

Contents

  1. The North Sea in Perspective
  2. North Sea Crudes and Oilfields
  3. The Structure of the North Sea Crude Oil Market: Producers, Sellers, Buyers
  4. The Pattern of International Trade
  5. The Costs and Time Patterns of Production
  6. UK Licensing and Production Policies
  7. The UK. The Place and Role of BNOC in the Institutional Framework
  8. The UK. The Oil Fiscal Regime
  9. Norwegian Licensing and Production Policies
  10. Norway. The Oil Fiscal Regime
  11. The Origins and Growth of the Brent Market
  12. The Mode of Operation of the Brent Market
  13. The Growth and Structure of the Brent Market
  14. The Prices of North Sea Crudes
  15. The Role and Influence of the North Sea in the World Oil Market

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