Outer Continental Shelf (OCS) Oil and Gas Supply Model. Model 1. Model summary and methodology description

Technical Report · Wed Dec 01 04:00:00 EST 1982

OSTI ID:6475035

Farmer, R D

This document describes the methods utilized in the Energy Information Administration's Outer Continental Shelf Oil and Gas Supply Model (OCSM) to evaluate the impacts of alternative economic and policy situations on future oil and gas production from the Outer Continental Shelf (OCS) regions of the Lower-48 states. The volume is organized into three chapters. In the introductory chapter, the basic analytical capabilities of the model are listed, and both the economic rationale for the model design and the basic structure of the model are described. Also, OCSM is compared to several previous models developed to evaluate OCS petroleum resources. Chapter 2 describes in more detail how the model represents the economics of the oil and gas supply process. The principal stages of activity conducted by offshore petroleum firms, the economic choices faced by firms at each of these stages, and the model's representation of this decisionmaking are described. Chapter 2 concludes with a summary of the major strengths and limitations of the OCSM approach to forecasting OCS petroleum supply. Chapter 3 describes the structure of the model, the major functions performed in each of the model's components, and the general mathematical representation of these functions.

• Research Organization: USDOE Energy Information Administration, Washington, DC. Office of Oil and Gas
• OSTI ID: 6475035
• Report Number(s): DOE/EIA-0372/1; ON: DE83008788
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020200* -- Petroleum-- Reserves
Geology
& Exploration
020300 -- Petroleum-- Drilling & Production
29 ENERGY PLANNING, POLICY, AND ECONOMY
290200 -- Energy Planning & Policy-- Economics & Sociology
294002 -- Energy Planning & Policy-- Petroleum
294003 -- Energy Planning & Policy-- Natural Gas
CONTINENTAL MARGIN
CONTINENTAL SHELF
DRILLING
ECONOMIC POLICY
ENERGY SOURCES
FLUIDS
FORECASTING
FOSSIL FUELS
FUEL GAS
FUELS
GAS FUELS
GASES
GEOLOGIC DEPOSITS
GOVERNMENT POLICIES
LEASING
LIQUIDS
MATHEMATICAL MODELS
MINERAL RESOURCES
NATURAL GAS
NATURAL GAS DEPOSITS
NATURAL GAS LIQUIDS
OFFSHORE DRILLING
OFFSHORE OPERATIONS
PETROLEUM
PETROLEUM DEPOSITS
PRICES
PRODUCTION
RESERVES
RESOURCE DEVELOPMENT
RESOURCES
TAXES