Advertisement
Published in:
2010 | OriginalPaper | Chapter
Optimal Relinquishment According to the Norwegian Petroleum Law: A Combinatorial Optimization Approach
Authors : Horst W. Hamacher, Kurt Jörnsten
Published in: Energy, Natural Resources and Environmental Economics
Publisher: Springer Berlin Heidelberg
Activate our intelligent search to find suitable subject content or patents.
Select sections of text to find matching patents with Artificial Intelligence. powered by
Select sections of text to find additional relevant content using AI-assisted search. powered by
Abstract
We present a combinatorial optimization model for the relinquishment of petroleum licenses in accordance with the rules given in the legislation concerning the Norwegian continental shelf. It is shown that a relaxation of the model can be interpreted as the problem of finding a minimal connected component of given cardinality in an undirected grid graph with node weights. We discuss the differences between the rules in 1973 and 1991, and how they lead to different mathematical models. A discussion of the complexity of the mathematical problem for optimal relinquishment is presented, and a presentation of related graph theoretical models is given. We conclude the paper with a small illustrative example, which shows the effects of the different restrictions. References to other studies in which large scale examples are treated are given.