Abstract

http://ssrn.com/abstract=1744263
 
 

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Preliminary Empirical Assessment of Offshore Production Platforms in the Gulf of Mexico


Lucija Muehlenbachs


Resources for the Future; University of Calgary

Mark A. Cohen


Vanderbilt University - Owen Graduate School of Management; Vanderbilt University - Law School; Resources for the Future

Todd Gerarden


Harvard University; Resources for the Future

January 12, 2011

Resources for the Future Discussion Paper No. 10-66

Abstract:     
This paper reports on a preliminary analysis of performance indicators on 3,020 platforms operating in the Gulf of Mexico between 1996 and 2010. Statistical analysis reveals that company-reported incidents (such as blowouts, fires, injuries, and pollution) increase with water depth, controlling for platform characteristics such as age, quantity of oil and gas produced, and number of producing wells. In addition to company-reported incidents, we examine government inspections and the type of enforcement action (warning, component shut-in, facility shut-in, or civil penalty review) following an inspection. Fewer incidents of noncompliance are detected during inspections on deep-water platforms compared with shallow-water platforms; however, the magnitude of the effect of depth on noncompliance is not large. We provide a preliminary analysis of the effect of prior findings of noncompliance, suggesting that noncompliance is persistent. We also find significant variability in both self-reported incidents and noncompliance across leaseholders.

Number of Pages in PDF File: 38

Keywords: Noncompliance, Inspection, Offshore Oil and Gas

JEL Classification: Q50

working papers series


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Date posted: January 27, 2011  

Suggested Citation

Muehlenbachs, Lucija and Cohen, Mark A. and Gerarden, Todd, Preliminary Empirical Assessment of Offshore Production Platforms in the Gulf of Mexico (January 12, 2011). Resources for the Future Discussion Paper No. 10-66. Available at SSRN: http://ssrn.com/abstract=1744263 or http://dx.doi.org/10.2139/ssrn.1744263

Contact Information

Lucija Muehlenbachs
Resources for the Future ( email )
Washington, DC 20036
United States
University of Calgary ( email )
University Drive
Calgary, Alberta T2N 1N4
Canada
Mark A. Cohen (Contact Author)
Vanderbilt University - Owen Graduate School of Management ( email )
401 21st Avenue South
Nashville, TN 37203
United States
615-322-0533 (Phone)
HOME PAGE: http://www.mba.vanderbilt.edu/faculty/mcohen.cfm
Vanderbilt University - Law School
131 21st Avenue South
Nashville, TN 37203-1181
United States
Resources for the Future ( email )
1616 P Street, NW
Washington, DC 20036
United States
202-328-5000 (Phone)
Todd Gerarden
Harvard University ( email )
79 John F. Kennedy Street
Cambridge, MA 02138
United States
Resources for the Future ( email )
1616 P Street, NW
Washington, DC 20036
United States
2023285108 (Phone)
HOME PAGE: http://www.rff.org
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References:  13
Citations:  2

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