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Corruption in natural resource management: Implications for policy makers

Dates

Year
2009

Citation

Kolstad, I., and Søreide, T., 2009, Corruption in natural resource management: Implications for policy makers: Resources Policy, v. 34, iss. 4, p. 214-226.

Summary

In this paper, we present an economic analysis of CO2-enhanced oil recovery (EOR). This technique entails injection of CO2 into mature oil fields in a manner that reduces the oil's viscosity, thereby enhancing the rate of extraction. As part of this process, significant quantities of CO2 remain sequestered in the reservoir. If CO2 emissions are regulated, oil producers using EOR should therefore be able to earn revenues from sequestration as well as from oil production. We develop a theoretical framework that analyzes the dynamic co-optimization of oil extraction and CO2 sequestration, through the producer's choice of the fraction of CO2 in the injection stream at each moment. We find that the optimal fraction of CO2 is likely to decline [...]

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Communities

  • Western Energy Citation Clearinghouse

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Additional Information

Identifiers

Type Scheme Key
DOI WECC []
ISSN WECC 03014207

Citation Extension

journalResources Policy
parts
typePages
value214-226
typeVolume
value34
typeIssue
value4
citationTypeJournal Article

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