-
Add Bookmark | Recommend this book | Back to the book page | My bookshelf | Mobile Reading
Free Web Novel,Novel online - All in oicq.net -> Romance -> super energy power Text Chapter 575: Drive high and go high
Previous page Return to Catalog Next page
- Although Zhang Chao has not seen the company's bid document, he also has his own understanding of the bidding price of the oil field. 60% of the bidding share is a threshold.
1994 was not an era when a barrel of oil cost $100. If inflation is taken into account, oil prices in the 1990s were cheaper than in the 1970s after the oil crisis. It was under such oil and dollar prices that the Clinton administration created a long period of economic prosperity. Coupled with Lewinsky and his belt problem, this should be the happiest era for Americans, and of course, for oil. Prices are in a wonderful era. The next time we encounter this situation, it will depend on whether shale gas and the economic prosperity index cooperate.
If the price of oil is US$100, the oil company will laugh out loud if it gets 15% profit, let alone 40% profit, because the cost is so much, and the price rises so fast that in many places 100 A US dollar per barrel of oil can earn a profit of US$80 or even US$90. The 15% share agreement obtained in this way means an income of US$12 or even US$14.
However, even if current oil companies expect oil prices to rise, they have to face current oil prices and current shareholder expectations. In the range of US$20 to US$30, deducting the profit of US$10 to US$20, and then taking out 65% of the profit, the income of many oil wells may be less than US$6, which will be much less than the 15% profit in the future. .
Considering the large upfront development costs and the risks involved, earning $5 or $6 per barrel of oil is, for many companies, no more than signing a service agreement. After all, service agreements are for fixed earnings per barrel, in the 2000s. Most oil companies can still get service agreements of about US$5 per barrel. In this way, although there is no joy of excess oil spurts, they are better than stable profits.
Of course, Azerbaijan¡¯s situation also has its own particularities. On the one hand, the cost of oil development here is higher. Onshore oil basically has to be drilled to more than 3,000 meters, and offshore oil is no longer shallow water below 20 meters, but continental shelf oil hundreds of meters deep. Therefore, the cost of oil extraction will be closer to US$20, so that profits will be slim in the first few years of oil extraction. On the other hand, Azerbaijan grants concessions for a very long time, whether it is 30 or 35 years. All means that this is an asset that continues to increase in value.
However, how high the future value is determines the limit of what can be paid now. In Zhang Chao's view, 60% is already a very high amount. It was somewhat beyond his expectation that BP surpassed it so easily.
What makes him even more doubtful is what kind of bidding share Suzhou City will set for Dahua Industrial? Judging from the tender documents for the four oil fields currently announced. 60% is obviously less, but is it worth paying more?
Thinking about this question made Zhang Chaoren¡¯s brain hurt.
He quickly decided to give up this meaningless melancholy. He coughed and started writing down his notes.
The celebrations of bp, Total, and a dozen other companies also ended quickly, and the conference hall slowly became quiet.
It is different from the four-company group formed by Dahua Industrial. When BP bids for different oil blocks, it will choose different companies to form a company group. This method is naturally more time-consuming and energy-consuming than a fixed company group. However, if the correct choice is made according to local conditions, the probability of successful bidding will also increase.
¡°At least one thing is that a fixed company group like Dahua Industrial will not acquire three oil fields in a row like BP.
¡°Whether it is from economic or political considerations, Aliyev will not do this.
After another half an hour, free breakfast was provided in the conference hall, including two slices of Western-style bread, two slices of ham or bacon, and a cup of coffee.
There are not many things, but they are all hot.
Su Cheng took a bite of bread and ham and a sip of coffee. It only took him two minutes to swallow all the food on the plate.
Zhang Chao couldn't help but smile and said, "Dr. Su has a really good appetite."
"Without midnight snacks, if I don't have a good breakfast, I'm afraid I won't be able to make it through noon." Su Cheng warmed his hands with coffee, showing his sleepiness after eating.
Zhang Chao looked at his expression and said curiously: "We will arrive at the No. 6 oil block soon. Are you really not worried?"
Su Cheng glared at him and said, "Why aren't you worried? I'm not trying to stabilize morale."
"Huh?" Zhang Chao never expected this answer in his dreams.
Qin Yun on the side also put down the bread in his hand in shock: "Dr. Su!"
"I know," Xiaopang showed his head very smartly and said, "I know, just like Xie An from the Eastern Jin Dynasty, he was very excited, pretended to be calm, and broke his clogs with his last kick."
"It's the teeth of clogs." Qin Yun corrected.
"Little Fatty slapped his forehead and said: "So Toothless is like thisAre you here? "
Su Cheng coughed violently, slapped the little fat man on the forehead again, and said, "I think you don't want teeth anymore."
"It hurts" Xiaopang covered the red spot and said with a feeling of nostalgia: "HeyMaster, you haven't hit me for a long time."
"Snapped!"
This time it was Qin Yun who beat her. She twisted Xiaopang¡¯s ears at the same time and said in an angry tone: "You spineless guy, don¡¯t you feel uncomfortable if you don¡¯t get beaten?"
"Of course not, I'm just saying look, that microphone is back." Xiaopang used Xiao Aliyev to divert his attention.
Qin Yun and others indeed turned their attention to the front.
Aliyev Jr. said with no expression on his face: "The final result of the No. 5 oil field has emerged. After the evaluation of His Excellency the President, the company that finally won the bid was Chevron. The basic share increased by 14.1%, the signing bonus increased by 45 million US dollars, and the concession The exploration period is 3 years, and the concession period is 35 years"
Zhang Chaoda opened his mouth and couldn't close it. The increase in the basic share of 14.1% means that after acquiring an oil field with more than 10 million barrels, 64.1% of the profits will be handed over to the oil-producing countries.
Of course, this number cannot be said to be an unprecedented number, but it is almost what Zhang Chao thinks is the limit of the division.
¡°Exceeding this limit, oil companies¡¯ profits will be significantly reduced. Judging from the analysis of various evaluation teams, they believe that such high share indicators will appear in No. 8 and No. 11, the two best-performing oil fields.
No. 5 oil block does not give the company much information, so the risks the company takes are much greater. If it really only gets an oil field with a capacity of 10 million barrels, plus a contract sum of 65 million, Chevron will have to suffer huge losses.
"Chevron is crazy." Zhang Chao commented without hesitation.
Qin Yun quickly calculated and said: "They must have given a high valuation to the No. 5 oil block. This is an offshore oil field, right? What is the activation index?"
"4,500 US dollars." Zhang Chao answered.
The activation index is a parameter used to measure the amount of investment required for a new oil well, usually expressed in dollars per barrel per day at stable production.
An activation index of US$4,500 means that the cost of drilling an oil well with a daily output of 100 barrels is US$450,000.
An oil area with an annual output of 10 million barrels means a daily output of more than 30,000 barrels. Calculated based on Azerbaijan¡¯s activation index, it would require at least US$130 million.
Coupled with the signing bonus of 65 million, it means that Chevron is ready to invest close to 200 million US dollars before seeing the raging oil tide. This does not include the cost of the promise they made to Aliyev.
In fact, if it really only has a production of 10 million barrels, it will not be easy for Chevron to make a profit within ten years.
Qin Yun therefore made a judgment and said: "It must be at least 25 million barrels. They must have judged that the No. 5 oil block has a production capacity of more than 25 million barrels."
A production capacity of 25 million barrels means that the development cost will exceed 325 million, and the total apparent cost will exceed 400 million US dollars.
Zhang Chao couldn't help but shook his head and said: "There is no need to offer such a high basic share ratio. An increase of 11% is more than enough. Who would offer such a high price to compete with them."
As soon as he finished speaking, members of the Shell bidding team raised their hands and shouted: "We have opinions."
"What?" Little Aliyev, who was about to sit down, didn't seem surprised.
The representative of Shell picked up the outline that several people had just discussed and said: "In the bid we submitted to your country, the increase in the basic share we are willing to bear is 14.2%, and the increase in signing bonus is 40 million US dollars. We request reconsideration."
"I understand." Little Aliyev nodded, pulled out a piece of paper from the bottom, and read: "Since the added value of the basic share of both parties is similar, and the added value of the signing bonus of the Chevron bidding group is greater, in Azerbaijan In the early stages of construction, we believe that this amount will be more beneficial to the country. In addition, the Chevron bidding team has a clear time allocation for the construction of the oil field and has plans to build supporting refineries. Therefore, we ultimately believe that No. 5 will be It will be more beneficial to Azerbaijan¡¯s interests if the oil blocks are developed by Chevron"
The values ??of the two parties¡¯ bids are close, and the power belongs to the Azerbaijani government. Shell representatives also expected this. He argued for a few reasons and finally gave up. In the eyes of other companies, this just proved that the public relations behind Shell was not good enough.
Zhang Chao was dumbfounded and muttered to himself: "Shell unexpectedly raised 14.2% Can this still make money?"
"With so many companies, what many people consider is to get the oil block first." Qin Yun said, looking at Su Cheng, and asked sincerely: "Can we do it?"
¡°Look."Su Cheng was also a little emotional. If he hadn't made so many preparations, he might have plunged into this bottomless pit.
Probably in order to avoid too much discussion among the companies about the "government judgment" just now, Aliyev quickly took out the results of the No. 6 oil field and said: "I now announce that the company that has obtained the No. 6 oil block"
With a "wow" sound, at least a hundred people in front of me sat upright.
¡¡ - Didn't finish reading? Add this book to your favoritesI'm a member and bookmarked this chapterCopy the address of this book and recommend it to your friends for pointsChapter error? Click here to report
- Previous pageCatalogNext page