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Text Chapter 604 The Third Oil Well

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    Celebrations on the rig and support vessels continued throughout the night, as did negotiations between company representatives.

    Negotiations proceed so slowly, on the one hand, because the content of the negotiations is too complex and too important, and on the other hand, because different representatives have different powers. For companies such as British Global Petroleum and Dahua Industrial, all the presidents come.  Or the chairman, who can make decisions on the spot, while French Fina or American SIG only have people in charge below the deputy level. Once the expected amount and rules are exceeded, they must contact the country Repsol and American GAC both  It is a group company with complex equity. When large sums of money are involved, the president or chairman may not be able to make the decision, and it must be authorized by the board of directors.

    However, everyone is accustomed to this seemingly slow-paced, but actually fast-paced negotiation method.

    They are having a meeting here in Sioux City, and several companies have to hold meetings in China.  The meeting must also be an emergency board meeting, and some company directors who are inconvenient to appear in person have a tacit agreement to stay at home to avoid knowing something they shouldn't know.

    The psychological prices of smaller companies such as British Universal and American SIG have also been gradually raised, from the initial US$100 million to US$500 million, and then to US$700 million Dahua Industrial and Repsol paid high prices.  My bids increased all the way to US$1.5 billion and US$1.4 billion.

    With the amount of capital raised to this level, SIG President Jestan couldn't help but said: "If this matter succeeds, we will all be sent to the grand jury, and maybe even questioned by the Senate! If the company's size increases 100 times, we will  Maybe it¡¯s the second Lehman Brothers.¡±

    "If this matter is successful, with more than 10 billion U.S. dollars, under a leverage of 30 to 50 times, with a profit of 1 to 2, the final profit will be at least 20 to 30%. With such a large amount of money, it is very difficult to survive the grand jury.  It's easy." Repsol's vice president laughed. Similar to South America in later generations, Spain is not only an unrestrained country, but also a country that loves speculation. The housing prices in Madrid have been at a low level for a long time.  The state of being hyped, with profits rising dozens of times, or being cut in half, etc., emerges one after another, and many international players have suffered losses there.

    In the financial market, Spanish companies are also notoriously bold.  Of course, the countries and companies used as reference are all with relatively sound laws. In comparison, the supervision of Spanish companies is much looser, and it is easy to take out 1.4 billion US dollars of unregulated funds, which is not the case in many countries.  It's quite rare.

    ??Jestan snorted twice, looked at Sioux City, and said: "It's okay to accept the Senate's inquiry for a few hundred million dollars. I'm just afraid that the profit will be insufficient or there will be some bad sequelae."

    "Making money is making money. If we are here to worry about the consequences, this kind of transaction will not be able to continue." Su Cheng smiled calmly and said: "If you are worried about insufficient profits, increase the capital. The more funds,  I believe the return rate will be higher, no matter what, this is a rare opportunity.¡±

    ¡°Opportunities based on super large oil fields?¡±

    Gilles of Fina Company laughed and said balancedly: "We have seen two oil fields, two oil fields produced by two oil wells. No matter what the conditions are underground, the foundation for creating a super large oil field has been laid. I believe the oil market will use it.  Sharp swings to reward us.¡±

    The oil market is almost one of the most sensitive markets. Countless brokers rely on the oil market to make profits every day, and their profit methods are often in units of one thousandth or even one ten thousandth. Any slight disturbance can  As a basis for price increases or decreases.  Before Sioux City, and after Sioux City, there will always be countless companies doing insider trading.

    If a super large oil field can be found, the profit of insider trading will be calculated in units of one percent, which is more than ten times or a hundred times of ordinary profits.  Even if a super large oil field cannot be found and there is a sudden increase of 100,000 barrels per day or 200,000 barrels per day of crude oil on the market, the oil price will not remain unchanged.

    In fact, if Sioux City were not holding back to make money from futures, the pressure to increase oil field production would likely be released in stages through machinery orders, news reports, and crude oil production.

    However, with the end of the 1980s and the beginning of the 1990s, fewer and fewer oil companies have voluntarily released information.  More often than not, people will suddenly see reports of successful oil field development from the Wall Street Journal or the New York Times, and then the company's stock will skyrocket, and the oil market will be in shock.

    In the post-oil crisis era, such situations have become commonplace.

    Jestan also nodded slowly and said: "In this case, a complete media plan must be prepared. SIG Company is willing to pay, but cannot participate in such events."

    GAC, which is also an American company, also quickly said: "It is not convenient for us to directly participate in media matters."

    ¡°ByWe'll take care of it.  "Su Chengxian is reasonable. European and American companies are subject to various restrictions, and the people are also quite international-minded. In contrast, although the Chinese at this time often said "bring glory to the country", the Chinese definitely did not do anything international.  The thoughts of the police and international moral models, as well as Chinese law, will not provide any guidance on media public relations, leaving it up to Sioux City.

    "Thank you, Mr. Su"

    ?Jestan and others were smiling.

    Su Cheng also smiled heartily: "Just increase investment. Dahua Industrial mines crude oil, Dahua Industrial operates the media, Dahua Industrial operates futures trading My only requirement is a huge amount of funds, 10 billion -  The scale is too small, I think it is more appropriate to increase it by about 50."

    The smiles of the other six people disappeared without a trace in an instant.

    Jestan had a bitter look on his face: "We can't increase it any more. US$700 million is not a small amount. If we ask for more, the accountants and prosecutors will probably have problems."

    British Global Petroleum's happiness is also dumbfounded.

    "It's impossible to increase the scale by 50, it's impossible" Gilles also quickly expressed his position.

    Su Cheng made them feel anxious for a while, then chuckled and said: "The amount of funding is all voluntary, and 700 million US dollars is indeed a lot. However, the funds we have prepared are not enough. Dahua Industrial plans to provide 3 billion yuan  , in this case, it is best to do some private financing. If your own funds cannot exceed US$1 billion, please find a way to raise funds."

    There are seven oil companies with countless associated banks and financial institutions. As long as the information on insider trading is disclosed, there is no problem whether it is direct investment with risk or low-risk short-term borrowing. The key lies in the concept of "privately".

    The guy who had just relaxed because of the words "all voluntarily" tensed up his muscles again.

    Although on the surface it looks like a big head, everyone understands what Su Cheng did.  This is a one-time insider transaction that needs to be done secretly. Those who are pulled into the circle must share risks and funds.  If one family has insufficient funds, the normal choice for the other six families is not to play with it.

    What Sioux City is doing now is exactly what an organizer should do.

    "Let's go out for a walk and have lunch by the way." Su Cheng did not ask for an immediate answer. When hundreds of millions of dollars of speculation were involved, no one could be too cautious.  You know, the bottom line of the 1994 Forbes rankings was several hundred million US dollars. This increase in money alone can determine whether the owner of a company is on or off the list, except that he owns 100 wholly-owned private shares.  In addition to enterprises, other companies also have at least a few partners.

    It was almost noon, when it was the hottest time on the sea. The fat Kang Le frowned, rubbed his hard neck with his hands, and said: "In normal times, I will definitely not go out to bask in the sun. Today, I will go out to take a breath."  Well, is there any sunscreen?"

    "Yang Ming, get some sunscreen." Su Cheng shouted out and took the lead in getting out of the stuffy cabin.

    After a while, Yang Ming came to the deck and said apologetically: "We have used up all the sunscreen oil we prepared, and the supply ship has not arrived yet."

    Kang Le wailed: "If you don't wear sunscreen, you will get skin cancer."

    Su Cheng thought for a while and said, "Go to the kitchen and get some olive oil, or salad oil or something."

    "Is this okay?" Yang Ming didn't want to abuse his foreign friends.

    "Didn't the Athenians use to apply olive oil on their bare buttocks and then run in the Olympic Games? Why not? Find a better bottle to put the oil in." Su Cheng said to Yang Ming in Chinese, and then said to Kang Le in English: "I let  Don¡¯t worry if he asks someone else for olive oil.¡±

    "That's great." Kang Le's mood improved a lot.

    A few minutes later, Kangle smeared a lot of olive oil on his exposed hands, face and neck. He felt much better and took the initiative to go to the drilling platform with the aroma of steak.

    The first impression of a rickety commuter boat and a rickety drilling platform was. After boarding the ship, the white, yellow and black colors on the ground became the main colors of the drilling platform.

    "This is my first time to an offshore drilling platform." Kang Le, who was smelled by the smoke, said with interest: "British Global Petroleum Company has several platforms in the North Sea, but I have never been there. It's too far away.  Come to think of it, this is what it looks like on the platform. What are those things on the ground?"

    "Oh, the white ones are probably salt grains, the black ones are crude oil, and the yellow ones may be rust spots or dried phlegm."

    "phlegm?"

    "Well, is it possible? You expect the drilling platform to be spotless. This is not the Royal Navy."

    Kang Le covered his nose and stopped talking.

    The small platform circled around and came back. Everyone speciallyTalking about business, leaning on the railing of the platform to chat.

    Until Jestan ran back in a hurry.

    "We have found the funds." Jestan took two breaths, with a bright light on his face: "One of our directors, well, no matter who he is, in short, he can get the support of a private bank, so we found  With a short-term loan of US$400 million, the total can be increased to 1.1 billion yuan. Oh, if Director Su needs it and provides a mortgage, they are also willing to lend money to Dahua Industrial."

    "It would be great."

    ¡°That¡¯s great. I hope we can continue to cooperate with representatives from various companies.¡± Jestan¡¯s expression was extremely sincere.

    Kang Le¡¯s face was full of doubts: ¡°What has changed?¡±

    "Nowhere." Jestan shook his head vigorously.

    "Sig Corporation borrowed US$400 million in one breath? Where did you get the courage?"

    Jestan chuckled and said nothing.

    Suddenly, the phone on the drilling platform rang.

    The deputy captain of the drilling team ran over and took the phone. He picked it up and listened to a few words, then he looked happy and shouted: "Dong Su, the third oil well has also been drilled. The third oil well has been drilled on No. 512."

    Jestan didn¡¯t understand Chinese, but he knew how to read people¡¯s words. He immediately gave up covering up and said with a smile: ¡°Congratulations, Director Su.¡±

    The other five people also woke up.

    "Another oil well? So fast!"

    Although it can¡¯t keep up with the world record, in an unfamiliar area, drilling three wells in a row and producing oil depends more or less on luck. If it is three high-yield wells, it is even more rare.

    Su Cheng was not surprised.  The cost of drilling platforms is too high. In addition to exploration wells, the success rate of oil production wells has been greatly improved in later drilling platforms. Dahua Industrial has been focusing on this for several years. To determine the location, two more  Well experience, it is not surprising that the third well delayed oil production by more than a day.

    Of course, this unsurprisingness is based on the necessity of the existence of oil fields, which also proves the richness of underground resources from another aspect.

    Gilles chuckled and said: "Dong Su picked up a treasure house, as if it was filled with oil. You can get it by drilling your eyes."

    Su Cheng was modest and half-truthful, thinking to himself: You are really right.

    The super oil field with a daily output of 1.5 million barrels was a black technology 100 years ago. It can replace half of the world's oil production capacity. Using oil pipes instead of straws to extract it is already the biggest obstacle.

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