Pros and Cons of Oil and Gas Exploration in Lofoten.
Master's thesis in Business Innovation The aim of the study is to logically respond to the ongoing dilemma on Lofoten that whether Lofoten should be open for oil and gas extraction based on cost-benefit analysis. So far, our knowledge is concerning a little attempt that has been made to evaluat...
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University of Stavanger, Norway
2019
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Online Access: | http://hdl.handle.net/11250/2616385 |
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ftunivstavanger:oai:uis.brage.unit.no:11250/2616385 2023-06-11T04:13:50+02:00 Pros and Cons of Oil and Gas Exploration in Lofoten. Ahmed, S M Tanveer Ebrahim, Asludin Aliye Kipperberg, Gorm Lofoten, Norway 2019-07-26 application/pdf http://hdl.handle.net/11250/2616385 eng eng University of Stavanger, Norway Masteroppgave/UIS-HH/2019; http://hdl.handle.net/11250/2616385 Navngivelse 4.0 Internasjonal http://creativecommons.org/licenses/by/4.0/deed.no økonomi administrasjon CBA Cost-Benefit Analysis Lofoten olje- og gassutvinning oil and gas extraction VDP::Social science: 200::Economics: 210::Business: 213 Master thesis 2019 ftunivstavanger 2023-05-29T16:02:27Z Master's thesis in Business Innovation The aim of the study is to logically respond to the ongoing dilemma on Lofoten that whether Lofoten should be open for oil and gas extraction based on cost-benefit analysis. So far, our knowledge is concerning a little attempt that has been made to evaluate the Lofoten area by considering all possible costs and benefits by conducting an optimal cost benefit analysis. Net Present Value (NPV) method is used to analyse the net effects after collecting and processing the secondary data. It is a 50 years projection from 2020 to 2070 and therefore previous data are extensively used to project future cash flows, which were discounted by 3% rate which is also the rate of return from the Norwegian Government Pension Fund Global (GPFG). The direct benefit from oil and gas extraction, possible indirect losses from fishing and tourism, expected petroleum supply sector benefit, possible oil spill and clean-up costs and environmental cost are the basic factor that has been taken into consideration during the course of the study. Net costs are deducted from the net benefit we come up with a negative value (net loss) of NOK 1.71 billion. That indicates that considering the aforementioned factors if oil and gas extraction is allowed in Lofoten area the ,Norwegian government will incur a loss of NOK 1.71 billion over the next 50-year period. Therefore, the answer of the question of “whether Lofoten should be open for oil and gas extraction” is “No” according to our finding. In addition, we also suggested the avenue for future researches by presenting the fact that our study hasn’t taken into account. Master Thesis Lofoten University of Stavanger: UiS Brage Lofoten Norway |
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University of Stavanger: UiS Brage |
op_collection_id |
ftunivstavanger |
language |
English |
topic |
økonomi administrasjon CBA Cost-Benefit Analysis Lofoten olje- og gassutvinning oil and gas extraction VDP::Social science: 200::Economics: 210::Business: 213 |
spellingShingle |
økonomi administrasjon CBA Cost-Benefit Analysis Lofoten olje- og gassutvinning oil and gas extraction VDP::Social science: 200::Economics: 210::Business: 213 Ahmed, S M Tanveer Ebrahim, Asludin Aliye Pros and Cons of Oil and Gas Exploration in Lofoten. |
topic_facet |
økonomi administrasjon CBA Cost-Benefit Analysis Lofoten olje- og gassutvinning oil and gas extraction VDP::Social science: 200::Economics: 210::Business: 213 |
description |
Master's thesis in Business Innovation The aim of the study is to logically respond to the ongoing dilemma on Lofoten that whether Lofoten should be open for oil and gas extraction based on cost-benefit analysis. So far, our knowledge is concerning a little attempt that has been made to evaluate the Lofoten area by considering all possible costs and benefits by conducting an optimal cost benefit analysis. Net Present Value (NPV) method is used to analyse the net effects after collecting and processing the secondary data. It is a 50 years projection from 2020 to 2070 and therefore previous data are extensively used to project future cash flows, which were discounted by 3% rate which is also the rate of return from the Norwegian Government Pension Fund Global (GPFG). The direct benefit from oil and gas extraction, possible indirect losses from fishing and tourism, expected petroleum supply sector benefit, possible oil spill and clean-up costs and environmental cost are the basic factor that has been taken into consideration during the course of the study. Net costs are deducted from the net benefit we come up with a negative value (net loss) of NOK 1.71 billion. That indicates that considering the aforementioned factors if oil and gas extraction is allowed in Lofoten area the ,Norwegian government will incur a loss of NOK 1.71 billion over the next 50-year period. Therefore, the answer of the question of “whether Lofoten should be open for oil and gas extraction” is “No” according to our finding. In addition, we also suggested the avenue for future researches by presenting the fact that our study hasn’t taken into account. |
author2 |
Kipperberg, Gorm |
format |
Master Thesis |
author |
Ahmed, S M Tanveer Ebrahim, Asludin Aliye |
author_facet |
Ahmed, S M Tanveer Ebrahim, Asludin Aliye |
author_sort |
Ahmed, S M Tanveer |
title |
Pros and Cons of Oil and Gas Exploration in Lofoten. |
title_short |
Pros and Cons of Oil and Gas Exploration in Lofoten. |
title_full |
Pros and Cons of Oil and Gas Exploration in Lofoten. |
title_fullStr |
Pros and Cons of Oil and Gas Exploration in Lofoten. |
title_full_unstemmed |
Pros and Cons of Oil and Gas Exploration in Lofoten. |
title_sort |
pros and cons of oil and gas exploration in lofoten. |
publisher |
University of Stavanger, Norway |
publishDate |
2019 |
url |
http://hdl.handle.net/11250/2616385 |
op_coverage |
Lofoten, Norway |
geographic |
Lofoten Norway |
geographic_facet |
Lofoten Norway |
genre |
Lofoten |
genre_facet |
Lofoten |
op_relation |
Masteroppgave/UIS-HH/2019; http://hdl.handle.net/11250/2616385 |
op_rights |
Navngivelse 4.0 Internasjonal http://creativecommons.org/licenses/by/4.0/deed.no |
_version_ |
1768391231352602624 |