DYNAMIC PERFORMANCE MANAGEMENT IN THE UPSTREAM OIL INDUSTRY

This is a study about investments in the upstream oil industry. The goal is to describe how investments that lead to oil and gas production, are made. The study of oil supply is central, because it represents 60% of the world’s primary energy supply. It is vital for energy renewables policy makers, in order to assess oil supply scenarios and adjust incentives for lower fossils consumption. It is also important for consuming countries. Previous studies have stressed the importance of market volatility for investment appraisal in the UK; irreversibility of investments; and remaining reserves as main drivers of investment and production in the UK. My study differs, since my results can be comp…