In the final part of this series, we estimate the number of committed assets in the Gulf of Mexico that are expected to be marginal over a 60-year horizon. Our sample set includes all producing ...
A structure is said to be marginal at time t when the revenue of the structure falls below the marginal threshold but remains above the abandonment threshold; i.e., Ï„ a (s) < r (s, t) < Ï„ m (s). At r ...
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