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Text Chapter 603 Insider Trading

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    Gu Haijian slowly and evenly applied the removed oil droplets on a quartz column with quartz particles, and used it for thin layer chromatography analysis.

    There are many ways to measure petroleum components, and the composition of crude oil around the world is also very different. Regardless of gas chromatography, liquid chromatography, mass spectrometry or nuclear magnetic resonance spectroscopy, infrared spectroscopy, etc., all have their application conditions. In geological research, the most commonly used  Or thin layer chromatography hydrogenation flame ion detection technology.

    Gu Haijian worked extremely carefully, writing down the quantitative readings of saturated hydrocarbons, aromatic hydrocarbons, colloids, asphaltenes and the most important sulfur content on paper

    This work is meticulous and tedious, just the opposite of the chaos of the celebrating crowd outside the window.

    The first thing that pops out is the sulfur content.

    "0.17, it is indeed sweet crude oil." Gu Haijian's face wrinkles curled up.

    Low-sulfur sweet crude oil is a very important resource. In the early days of the petroleum era, crude oil was mainly used to produce kerosene for lighting. High-sulfur content kerosene would emit a distinct smell in the room, so it could not be used at all until a certain date.  After chemists adopted better refining techniques, sour crude oil came into play.

    However, no matter which era it is, sweet crude oil is always more widely used than sour crude oil. High-grade gasoline, diesel and high-quality aviation fuel can only be produced with sweet crude oil for a long time.  Factories using sour crude oil as raw material not only have high production costs, but the quality of their products also lags behind those of sweet crude oil factories.

    Until the 21st century, there are still many refineries around the world that can only use sweet crude oil. They would rather pay a higher price to buy sweet crude oil than purchase more easily available sour crude oil.

    The sulfur content of 0.17 is much lower than the sweet crude oil standard of 0.5. It is a standard high-quality sweet crude oil. Correspondingly, the crude oil produced in places such as Shengli Oilfield is often super-sour crude oil with a sulfur content exceeding 2.5.

    The Setan Oilfield also produces rare sweet crude oil, but its output and reserves cannot be compared with the super oil fields.

    Gu Haijian quickly pulled out the readings from the previous oil well for comparison.

    The sulfur content of 0.62 shows that the previous oil well was also a good oil well, but it was far inferior to the current one.

    "It looks like we have indeed found a second oil field." Gu Haijian took a deep breath, looked at the brightly lit black fountain in front of him, and thought to himself: If we could have a daily production of 30,000 barrels No, if we could  With a daily production of 10,000 barrels, the No. 2 oil field is likely to be another elephant!

    Getting two elephants in one bid will make many people crazy with jealousy.

    Gu Haijian looked up and did not go out to report immediately, but continued to compare with other components.  What he wanted was a foolproof answer, and he would rather go a little slower.

    The auxiliary boat started slowly and drove farther to avoid the black oil fountain.  The sailors bathed with fire hydrants and whitewashed all the black people on the ship.  Gentlemen who like to be clean will go down to the deck to find clothes to change by themselves. Those who have no clothes simply take off their coats and still drink on the boat to cool off the cold.

    ¡°Whether it is Dahua Industrial employees or non-Dahua company representatives, they all welcome the emergence of Well No. 2. For such a reason, drinking more boldly seems to have become a matter of course.

    When all the wine stored on the ship was exhausted, Gu Haijian, who stayed in the back cabin, just finished all the analysis and comparison work and officially issued the test report.

    He washed his face with cold water, and after waking up, he came to Su Cheng with this report.

    Including representatives from several foreign companies, everyone knew Gu Haijian¡¯s identity and could guess what he was doing.

    Even the drunk guy is now standing firm with the help of his colleagues, looking at the thin report with expectant eyes.

    "Director Su, I have analyzed Well No. 1 and Well No. 2, and the conclusions are as follows." Gu Haijian handed the report to Su Cheng.

    "You tell me." Su Cheng spoke in English, and at the same time he opened the report to read.

    The pages are filled with data and tables, which is quite to Su Cheng's liking.

    Gu Haijian perked up and said also in English: "The analysis report of Well No. 1 was completed three days ago. Comparing the analysis of Well No. 2, I can responsibly conclude that the two oil wells belong to different oil fields.  Moreover, the production of Well No. 2 will be more optimistic."

    "That is to say, we have found two oil fields now, right?" Su Cheng confirmed.

    Gu Haijian nodded affirmatively: "Definitely two oil fields."

    Su Cheng nodded slightly. The Aqijiu Oil Field itself is composed of three large oil fields: Aseri, Qilage and Juneshli. Its difficulty and depth have also increased accordingly.  When determining the locations of the five drilling platforms, Sioux City took into consideration AsserRegarding the location of the Li and Qilage oil fields, looking at it now, the No. 2 oil well should have been successfully drilled on the edge of the Qilage Oil Field.

    As for Juneshli, it is a relatively remote deepwater oil field. In terms of construction costs, it would take about US$5 billion to US$10 billion to fully develop the Aseri and Chirag oil fields. To develop Juneshli  In the oil field, it is estimated that the number required is even higher.

    Most of the cost of a barrel of oil is reflected here. When the exploration is completed and the face of the Aqijiu Oilfield is fully revealed to the world, the development costs of tons can completely overwhelm a medium-sized oil company, and it will be difficult to persist even with bank loans.  Go down.

    Dahua Industrial has reached its current scale, coupled with the advantages of Chinese companies, so it dared to get involved in offshore oil development of this level.

    Several company representatives around them listened to their conversation and stayed for a while. Then, Gilles from Fina Company snatched the analysis report and asked while reading: "Have the reserves been estimated? No. 1 and 2  How many reserves are there in No. 1 oil field?"

    Gu Haijian looked at Su City, and then replied: "The reserves of No. 1 Oil Field are preliminary estimated to be more than 1 billion barrels, and the No. 2 Oil Field cannot be determined yet."

    The reserves of No. 1 Oilfield are more than 1 billion barrels, but getting a nearly accurate answer cannot be completed in a few days. 1 billion barrels is the standard of an elephant, which is enough to attract sufficient attention.

    The eyes of the foreigners surrounding Su Cheng lit up like cats.

    Why did they stay on such an uncomfortable bumpy ship? Isn't it just to see the production of crude oil?

    It doesn¡¯t matter that the output of Well No. 2 is uncertain, but it does allow them to see the potential of this place.

    Su Cheng said softly: "Everyone, let's talk about something specific."

    "Of course, we should talk about specific things." The Spaniard smiled as if he had put a football in his mouth.

    Gu Haijian stepped back lightly, his task had been completed, but the fatigue of his body made him sleepy and wanted to fall down to sleep immediately.

    Before his consciousness dimmed, Gu Haijian's eyes were unnaturally aimed at the offshore drilling platform.

    "Go and see those guys." Gu Haijian recalled several exchanges with the drilling team. Although it was not always pleasant, crude oil was indeed drilled below 3,000 meters. For this reason alone, he had to admire the drilling team leader.  persistence and confidence.

    Not every drilling captain has such confidence and courage.  The so-called oil splash, in many cases, is like a spoonful of oil poured into a small river. It will be missed if you blink or turn around.  It is not strange to see oil flowers. What is rare is to firmly believe that there are no oil flowers.

    That means that Li Hu has strictly followed the procedures from beginning to end and monitored the status of the drilling hole. It sounds easy, but as far as Gu Haijian, who is familiar with ocean drilling, knows, there are only a handful of drilling captains who can do this.

    Science stems from the observation and recording of objective things. Gu Haijian felt that it was necessary to meet this confident and persistent drilling captain.

    He greeted the boatswain and asked to arrange for the boat to go to the drilling platform. At the same time, a woman with a handheld camera appeared beside him.

    "I am Jin Huiyuan from the Dahua Public Relations Department, going to interview Captain Li Hu." The woman wore work clothes and tucked her long hair into a helmet. Her image was much more neutral, but she was still completely different from the rugged men often seen at sea.

    Gu Haijian's mood suddenly became strange.

    ¡­¡­

    In the cabin, representatives of each company began to argue over the funds to be raised and the time to launch.

    With as little capital as possible and as fast an operation speed as possible, you can naturally reduce risks as much as possible, but it is also likely to reduce returns.

    Although everyone wants to make money, in futures trading, to earn 10 million yuan, you may need to invest 100 million yuan or more.  Although leverage can be used, leverage also means amplifying risks.

    In the game of risk and return, even insider trading cannot be said to be 100% stable. British Global Petroleum, French Fina and American SIG Petroleum, which have smaller overall companies, all hope to control the amount of funds within 1  within billion US dollars.

    With leverage, it is not impossible to earn 20 to 30 million with 100 million U.S. dollars. After all, there will be double benefits of one in and one out.

    However, from the perspective of Sioux City, it is not easy to find a century oil field. If the investment amount is only a few hundred million US dollars, it is really meaningless. Moreover, the amount of money is far from reaching the level of affecting oil prices. At most  It's just to earn some tolls with the ups and downs of the oil boom.

    "The investment amount of US$500 million is the minimum, and it must be able to accept 50 times leverage." Su Cheng quickly stated his requirements.

    British Global CorporationKang Le, the president of the company, immediately shook his head: "It's just two oil fields. The investment of 500 million US dollars now is still too much. The most important thing is that the two oil fields have not been put into production yet"

    "This is just the beginning of a series of oil fields. The premise for our operations is that the Aqijiu Oil Field will be a great oil field. I don't mean 1 billion barrels or 2 billion barrels of reserves, but at least 10 billion barrels of production.  You have now seen at least 1 billion barrels. I believe that within a few days, you will be able to see 2 billion barrels or even 3 billion barrels. If you wait a little longer, the two oil fields discovered now will have at least 5 billion barrels.  Nothing can hit the market more hard than excessive amounts of crude oil."

    "No matter what, we still haven't seen 5 billion barrels of reserves."

    ¡°If the reserves of 5 billion barrels are announced, won¡¯t the money we earn be reduced?¡±

    Kang Le was somewhat convinced and asked: "Dong Su is really confident that he can see 10 billion barrels of reserves?"

    "I said this when there was no oil well. You don't believe it. Now there are 1 billion barrels. You still can't believe it. It seems that gaining trust is really a major project." Su Cheng laughed.

    "Output is the real focus." Repsol Spain's representative has always been very positive. He smiled with his front teeth exposed: "The current output is already 100,000 barrels per day. If we open a few more oil wells, the daily output will exceed 200,000 barrels."  The barrel limit is not a problem. If the daily production exceeds 300,000 barrels, it will be great."

    As soon as these words were said, several people felt strange in their hearts.

    The price changes of oil spot and futures are often determined by changes in the production of 1.  Because oil is difficult to store and the scale is very large.  The daily production of 300,000 barrels means 40,000 tons per day. If a large oil storage tank is built, it will occupy a large area.  On the other hand, it is not easy to increase oil production or reduce demand. It is impossible for refineries and chemical plants to stop producing for a day, and it is impossible for cars to not be used. Oil fields cannot produce more if they produce more. Because of this,  The oil market is called hard elasticity, which means it is actually inelastic. Oil production is measured in days. If demand increases, the price will only rise. If the demand decreases due to price reasons, the price will drop slightly, and then the price will rise again.  rise.  In the same way, if oil production increases but demand does not increase, prices will naturally fall.

    Libya is an obvious example.  Its annual output is only 2 million barrels per day, accounting for less than 2% of the world's production. However, when Libya's output was reduced by half, which is 1 million barrels per day, the world's oil market was affected.  When the outlook is uncertain, no reserve will be of any use.

    "From my point of view, we should start raising funds now. When the funds are in place, Dahua's third oil well may be visible." Repsol's representative showed rich body movements and almost knocked the cup off with his elbow.  .

    The money for insider trading cannot always come and go directly, it must go through many channels to collect it.  Fortunately, oil companies have always had many foreign accounts and are no strangers to this.

    "Then let's make an investment based on 500 million yuan." The representative of Kangle Company finally made up his mind.

    Su Cheng smiled, but said: "If the production really reaches 300,000 barrels, the basic investment should continue to increase."

    "Do you need to increase it?" For a large and medium-sized oil company, the principal of US$500 million is indeed a lot.

    "I don't know if I will encounter an oil field with a daily production of 300,000 barrels in this life. If I encounter it, I will never be willing to be a small fish in the market." Su Cheng's tone could not be said to be relaxed, but it made several people smile.

    Indeed, if we have 300,000 barrels as a basis, we should increase investment.

    "It depends on Dahua Industrial." Gilles picked up his glass and smiled: "I hope we can see more oil wells and oil fields being born during the period of raising funds!"

    When the French said this, they had no idea what would happen next.

    ¡­(To be continued. Please search Piaotian Literature, the novels will be better and updated faster!)
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