Resources Evaluation

Design and Analysis of Oil Resources Accounts Based on Resources Value Depletion: Taking Oil Industry Development of the Yellow River Delta as an Example

  • 1. College of Environmental Science and Engineering, Ocean University of China, Qingdao 266100, China;
    2. The First Institute of Oceanography, SOA, Qingdao 266061, China;
    3. International Business College of Qingdao University, Qingdao 266071, China

Received date: 2011-02-22

  Revised date: 2011-05-14

  Online published: 2011-11-20


Based on the concise introduction of the system of integrated environmental and economic accounting (SEEA) proposed by United Nations, the oil development in the Yellow River Delta was studied to explain the compiling procedure of oil resources accounts with oil exploration and refining data from 2003 to 2008. Oil resources accounts include physical account, monetary account and integrated account in this paper. The results show that, in the Yellow River Delta from 2003 to 2008, value depletion of oil resources for exploration estimated by applying "user cost approach" are 15.40 billion yuan, 11.13 billion yuan, 12.16 billion yuan, 10.49 billion yuan, 10.60 billion yuan, 8.30 billion yuan, respectively. Then the adjusted indicators of production by subtracting depletion are less than traditional indicators. Meanwhile according to the integrated account, the ratio of oil industry added value with deduction of depletion to industry added value and local GDP (changes from 80% to 40% and 50% to 30%), and loss percentage of industry GDP and local GDP for depletion (changes from 20% to 5% and 30% to 6%) have reduction tendency during the years from 2003 to 2008. Additionally, the average results are 59.1% and 42.0%, 14.3% and 9.8% within the study years, respectively. From this perspective, although poor sustainability of oil resources utilization can be found by huge depletion value for exploration, it is also revealed that sustainability of local entire economic growth brought about by oil industrial development in the Yellow River Delta is enhanced to some extent. And finally the results are analyzed and discussed.

Cite this article

FAN Chao, LI Ping, CHEN Dong-jing, PENG Chang-sheng . Design and Analysis of Oil Resources Accounts Based on Resources Value Depletion: Taking Oil Industry Development of the Yellow River Delta as an Example[J]. JOURNAL OF NATURAL RESOURCES, 2011 , 26(11) : 1953 -1962 . DOI: 10.11849/zrzyxb.2011.11.014


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