Upstream technical efficiency and its determinants: Evidence from non-parametric and parametric analysis of Nigeria exploration and production (E & P)

The study empirically estimates the relative technical efficiency of Nigeria upstream petroleum industries and its determinants using non-parametric and parametric analysis. The non-parametric analysis’ results reveal that joint venture contract operators, marginal field contract operators, sole ris...

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Autores principales:	Idowu J. Adekunle, Iledare O. Omowumi, Echendu C. Joseph, Achi O. Peter
Formato:	article
Lenguaje:	EN
Publicado:	Taylor & Francis Group 2019
Materias:	performance analysis non-parametric analysis parametric analysis technical efficiency and upstream operators Engineering (General). Civil engineering (General) TA1-2040
Acceso en línea:	https://doaj.org/article/c672a5ff73e34448864ec1b672d0ee41
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spelling	oai:doaj.org-article:c672a5ff73e34448864ec1b672d0ee412021-11-04T15:51:55ZUpstream technical efficiency and its determinants: Evidence from non-parametric and parametric analysis of Nigeria exploration and production (E & P)2331-191610.1080/23311916.2019.1575638https://doaj.org/article/c672a5ff73e34448864ec1b672d0ee412019-01-01T00:00:00Zhttp://dx.doi.org/10.1080/23311916.2019.1575638https://doaj.org/toc/2331-1916The study empirically estimates the relative technical efficiency of Nigeria upstream petroleum industries and its determinants using non-parametric and parametric analysis. The non-parametric analysis’ results reveal that joint venture contract operators, marginal field contract operators, sole risk contract operators, production sharing contract operators, service contract operator and national oil company contract have the following technical efficiency grades: 75%, 67%, 65%, 64%, 42% and 23%, respectively. On the other hand, the parametric analysis result indicates that four of the selected independent variables are statistically significant determinants of the upstream technical performance. The findings support the plan exit of cash calls policy by the government and confirm that the proposed exit of the model is not harmful to both the government and the investors. For the indigenous participants, we submit that the government may put in place attractive incentives policy to encourage more indigenous participation in the upstream business.Idowu J. AdekunleIledare O. OmowumiEchendu C. JosephAchi O. PeterTaylor & Francis Grouparticleperformance analysisnon-parametric analysisparametric analysistechnical efficiency and upstream operatorsEngineering (General). Civil engineering (General)TA1-2040ENCogent Engineering, Vol 6, Iss 1 (2019)
institution	DOAJ
collection	DOAJ
language	EN
topic	performance analysis non-parametric analysis parametric analysis technical efficiency and upstream operators Engineering (General). Civil engineering (General) TA1-2040
spellingShingle	performance analysis non-parametric analysis parametric analysis technical efficiency and upstream operators Engineering (General). Civil engineering (General) TA1-2040 Idowu J. Adekunle Iledare O. Omowumi Echendu C. Joseph Achi O. Peter Upstream technical efficiency and its determinants: Evidence from non-parametric and parametric analysis of Nigeria exploration and production (E & P)
description	The study empirically estimates the relative technical efficiency of Nigeria upstream petroleum industries and its determinants using non-parametric and parametric analysis. The non-parametric analysis’ results reveal that joint venture contract operators, marginal field contract operators, sole risk contract operators, production sharing contract operators, service contract operator and national oil company contract have the following technical efficiency grades: 75%, 67%, 65%, 64%, 42% and 23%, respectively. On the other hand, the parametric analysis result indicates that four of the selected independent variables are statistically significant determinants of the upstream technical performance. The findings support the plan exit of cash calls policy by the government and confirm that the proposed exit of the model is not harmful to both the government and the investors. For the indigenous participants, we submit that the government may put in place attractive incentives policy to encourage more indigenous participation in the upstream business.
format	article
author	Idowu J. Adekunle Iledare O. Omowumi Echendu C. Joseph Achi O. Peter
author_facet	Idowu J. Adekunle Iledare O. Omowumi Echendu C. Joseph Achi O. Peter
author_sort	Idowu J. Adekunle
title	Upstream technical efficiency and its determinants: Evidence from non-parametric and parametric analysis of Nigeria exploration and production (E & P)
title_short	Upstream technical efficiency and its determinants: Evidence from non-parametric and parametric analysis of Nigeria exploration and production (E & P)
title_full	Upstream technical efficiency and its determinants: Evidence from non-parametric and parametric analysis of Nigeria exploration and production (E & P)
title_fullStr	Upstream technical efficiency and its determinants: Evidence from non-parametric and parametric analysis of Nigeria exploration and production (E & P)
title_full_unstemmed	Upstream technical efficiency and its determinants: Evidence from non-parametric and parametric analysis of Nigeria exploration and production (E & P)
title_sort	upstream technical efficiency and its determinants: evidence from non-parametric and parametric analysis of nigeria exploration and production (e & p)
publisher	Taylor & Francis Group
publishDate	2019
url	https://doaj.org/article/c672a5ff73e34448864ec1b672d0ee41
work_keys_str_mv	AT idowujadekunle upstreamtechnicalefficiencyanditsdeterminantsevidencefromnonparametricandparametricanalysisofnigeriaexplorationandproductionep AT iledareoomowumi upstreamtechnicalefficiencyanditsdeterminantsevidencefromnonparametricandparametricanalysisofnigeriaexplorationandproductionep AT echenducjoseph upstreamtechnicalefficiencyanditsdeterminantsevidencefromnonparametricandparametricanalysisofnigeriaexplorationandproductionep AT achiopeter upstreamtechnicalefficiencyanditsdeterminantsevidencefromnonparametricandparametricanalysisofnigeriaexplorationandproductionep
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Upstream technical efficiency and its determinants: Evidence from non-parametric and parametric analysis of Nigeria exploration and production (E & P)

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