#2342. Seismic Shifts from Regulations: Spatial Trade-offs in Marine Mammals and the Value of Information from Hydrocarbon Seismic Surveying

August 2026publication date
Proposal available till 30-05-2025
4 total number of authors per manuscript3000 $

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Journal’s subject area:
Economics and Econometrics;
Management, Monitoring, Policy and Law;
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Abstract:
Seismic surveys can improve estimates of net private benefits from uncertain hydrocarbon deposits. The Value-of-Information (VOI) can capture these gains. At the same time, seismic surveys impose uncertain damages from noise pollution on marine life. Arctic waters are increasingly attractive exploration locales, but ice cover temporally constrains both surveying and marine mammal species. Thus, damage mitigation requires both temporal and spatial planning. We develop a spatially explicit bio-economic model through which we can calculate the VOI from seismic surveying options alongside potential marine mammal displacements.
Keywords:
Arctic oil and gas exploration; Cost-effectiveness analysis (CEA); Evaluation of regulatory programs; Hydrocarbon exploration; Marine habitat; Marine mammals; Marine noise pollution; Seismic surveys; Spatial bio-economic modelling; Value of Information (VOI)

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