Originally published in 1981, this book discusses the development of higher cost North Sea gas and oil fields. Starting with the perceived need to develop these higher cost fields, the book focuses on their role in the policy interplay between government and industry. What is high cost, it is argued, is not only economically but also institutionally determined and through a comparative analysis of British and Danish policies with regard to high cost fields the author maintains that the role of institutional factors has been underplayed.
Part 1: Introduction 1. The Development Dilemma Part 2: The Development Decision 2. The Development Decision - The Corporate Point of View 3. Governmental Regimes and the Development Decision Part 3: The UK Offshore 4. 'Marginal' Fields - High-cost fields in a British Context 5. British Policy and 'Marginal' Fields: The Case of Oil 6. 'Marginal' Fields - the Case of Southern North Sea Gas Part 4: The Danish Shelf 7. Denmark - the Development Decision in Absence of Policy 8. the Development Decision and Danish Oil 9. The Problems of Danish Gas Part 5: Conclusion 10. High-cost Fields - Some Institutional Implications of the North Sea Contract. Technical Appendices.
In view of the recent decline of the quality of various domestic energy and natural resources and the uncertain nature of the availability of foreign supplies it is becoming increasingly important for many countries to be able to forecast more reliably the demand for energy and resources. Many of the volumes in this set, originally published between 1936 and 1995, provide models with which to measure the impact of policy decisions and technological change. Others analyze and discuss many of the issues which have enduring relevance: ailing global coal mining industries, the advent of new energy forms, increased competition from cheaper sources, strict pollution legislation and the impact that all of these issues have on productivity and employment.