Chapter 1022: A shocking conspiracy

Xinyi Oilfield is located outside the Bohai Bay. The preliminary exploration work was completed by the exploration team of CNOOC. In 1994, Xiao Kangen Petroleum Company was invited to conduct further oil and gas resource exploration in this sea area. The exploration results so far show that the oil reserves of Xinyi Oilfield are close to 500 million barrels, which is a major discovery in the history of offshore oil exploration.

CNOOC has placed oil exploration, development, production and sales businesses into the listed company. The planned listed company's exploitable oil reserves are only 1.8 billion barrels. This shows that the 500 million barrels of reserves of the integrated oil field is a considerable number.

However, the existing information is very different from what Zhang Ke remembers. No matter how lacking Zhang Ke's oil knowledge is, he also knows that Xinyi Oilfield is China's second largest complete marine oilfield after the onshore Daqing Oilfield. By 2008, the proven savings exceeded one billion tons, that is, more than 7 billion barrels, which is four times the oil reserves of CNOOC's current listed company.

Scale is the most important competitiveness of oil companies. Scale includes the scale of mining, production, and sales, as well as the scale of oil reserves. If the oil reserves of CNOOC intends to be listed companies increase from 1.8 billion barrels to 9 billion barrels, the potential value increase will definitely exceed more than double.

Xinyi Oilfield can fully develop a mining scale of 100 million barrels of crude oil per year. Not to mention that the international crude oil price will soar in the future, even based on the international crude oil price in 1999, it can increase sales revenue of US$2.2 billion for the planned listed company. Just imagine, when the international crude oil price soars to more than 100 US dollars per barrel, only Xinyi Oil and Stone can provide at least US$10 billion in sales revenue for the planned listed company every year, with a profit of more than 6 billion US dollars. At that time, how high will the listed company's stock price soar?

However, according to Zhang Ke's understanding of the securities market, CNOOC's stock price did not soar miraculously, which means that Xinyi Oilfield was unable to make due contributions to the profits of listed companies. Although there is a process of geological exploration discovery, the early exploration area is limited and technical measures are limited, and the estimate of oilfield reserves is much more conservative. As the exploration work continues to deepen, it is normal to find that oilfield reserves grow, but all kinds of things are involved in the head of Xiao Kangen Petroleum, a partner of CNOOC. - Zhang Ke has always liked to maliciously speculate on others - he couldn't help but think about it badly.

Zhang Ke frowned and looked through the information that Zhai Danqing brought. Although there were many doubts, the existing information could not provide them with more information.

"Is there any other information?" Zhang Ke asked.

"If you have more detailed information, you can only look for CNOOC to see internal information." Zhai Danqing said, "I asked about it. CNOOC is discussing cooperation with Xiao Kangen on the exploitation of oil field resources in this sea area. The negotiations involve cooperation between China and the United States in the field of offshore oil mining. The level of negotiation information is relatively high." Zhai Danqing knew that it is not impossible for Jinhu to see these information, but he just doesn't know if there is a need to make such a big fight.

"Help me answer Liu Chengwei's phone number, I'm going to see him soon." Zhang Ke said decisively.

In 1998 and 1999, domestic crude oil imports were only 280 million barrels. All the doubts in this matter pointed to super-large oil fields that may produce 100 million barrels of crude oil per year. Not to mention alarming Liu Chengwei, even alarming Vice Premier Zeng Rusheng, it is worth it.

Tang Jing came out after taking a shower and wrapped herself in a bath towel. Seeing Zhang Ke looking at the materials full of the table with a solemn expression, Zhai Danqing stood in front of the window and made a phone call. He knew that something was wrong, so he went into the bedroom and changed his clothes.

Liu Chengwei and others had just arrived at the dormitory of CNOOC. Suddenly, they received a call saying that there was an urgent matter to discuss, but they didn't know what happened, so they had to go downstairs and take a bus to the Peninsula Hotel. Sun Shangyi and Ye Jianbin had just returned to their residences and received an emergency notice here, and they all rushed over.

When Liu Chengwei and others arrived at the Peninsula Hotel, it was almost late at night and went directly to the luxurious suite where Zhang Ke checked in to discuss the matter. The rain stopped, and the dark night outside the window was full of blue, and the light strips on the seashore in the distance were like dazzling and charming flashing necklaces.

"The Kumho Economic Research Center conducted a dragnet investigation based on some information provided by Kumho Overseas Company to the organization that was hidden behind the scenes and released negative news that was not conducive to CNOOC's listing and financing. In addition to the Japanese consortiums such as Mitsui Products are the forces we expected before, it also discovered a special organization," Zhang Ke sent the fax letter from Cui Guoheng to Liu Chengwei, Ye Jianbin, Sun Shangyi and others, "This Petroleum Economic Research Institute, called Lophilis, is actually controlled by Xiao Kangen Petroleum Company in the United States. As one of the most important partners of CNOOC and one of the main forces in the field of Sino-US offshore oil cooperation, why should Xiao Kangen Petroleum Company prevent CNOOC from listing and financing?"

Zhang Ke looked at Liu Chengwei. If Liu Chengwei could not tell him the answer, he could only remind the central government through other channels to be careful of all cooperation with Xiao Kangen Petroleum Company in the field of offshore oil exploration and mining.

Liu Chengwei held the fax and frowned. Such obvious doubts cannot be ignored. Besides, CNOOC has placed its oil exploration, development, production and sales businesses into the listed company, and its cooperation with Xiao Kangen Petroleum in the field of exploration and mining belongs to the business scope of the listed company. Jinhu is qualified to question such obvious doubts.

Liu Chengwei handed the fax to his assistant, and Xie Lei, the financial director of the company to be listed, looked at it.

Xie Lei said hesitantly: "The negotiation information with Xiao Kangen Petroleum Company does not fall within the scope of public disclosure..."

Zhang Ke did not say anything, and Liu Chengwei said to Xie Lei: "You go and get the information, and I will report to Secretary Xiao Yucheng." He knew that many state secrets are not secrets for Jinhu. They can now use state secrets as excuses to shirk Jinhu's inquiries, and Jinhu can also recover their previous financial investment commitments. Besides, he himself also has strong suspicion of these small actions behind Xiao Kangen Petroleum Company.

Xie Lei took a bus back to the office to get information, and Liu Chengwei and Zhang Ke asked for a ** room to report the latest situation to the Secretary of the Party Committee of CNOOC.

Xie Lei went back half an hour later. Liu Chengwei's phone report was a long time. Zhang Ke believed that Liu Chengwei and members of the Party Leadership Group of CNOOC should be able to vaguely guess what went wrong. After all, the cooperation area with Xiao Kangen Petroleum Company is also limited. At this time, such a big doubt arises. If the management cannot analyze what went wrong, it would be called dereliction of duty.

Liu Chengwei came out of the room, and Xie Lei took a document for him to show it. Liu Chengwei looked through a few pages and squeezed his eyebrows. After a while, he handed the document to Zhang Ke, Ye Jianbin, Sun Shangyi and others, saying: "This is the minutes of the talks between CNOOC and Xiao Kangen Petroleum Company on the development of Xinyi Oilfield..."

Zhang Ke sat on the sofa and looked at the minutes of the talks. Xinyi's complete oil field had initially proven reserves of 500 million barrels. Domestic dependence on overseas crude oil imports is becoming increasingly heavy. CNOOC plans to focus on cooperating with Xiao Kangen Petroleum Company to develop this oil field located at the mouth of the Bohai Bay. According to the minutes of the talks and a series of negotiation memorandums, Xiao Kangen Petroleum Company proposed that to alleviate the development funding pressure of CNOOC, it can invest entirely to work independently in exchange for 49% of the rights and interests of the oil mined by the cooperation projects. The minutes of the talks also stated that further exploration and discovery of the Xinyi Oilfield's oil field will also be carried out on the basis of the first cooperation outline. In the minutes of the talks, Chinese negotiators also proposed that Xinyi Oilfield is located in a shallow sea area with a depth of less than 100 meters, and the collection rate is much higher than that of ordinary offshore oil extraction. With CNOOC's technology, it is fully capable of *** development operations.

If the offshore oil fields with such an important position are limited in development funds (the initial development funds are also limited), Xiao Kangen Petroleum Company will occupy nearly half of its interests. When the domestic dependence on overseas crude oil imports exceeds 60% and import more than one billion barrels of crude oil every year, I am afraid that the central government will even cry, and the geological exploration of the sea area is mainly completed by China in the early stage - no wonder Xiao Kangen Petroleum Company is so enthusiastic to prevent CNOOC from overseas listed companies behind the scenes.

With an oil reserve of more than 7 billion barrels, based on the 1999 international crude oil price plan, the potential total value is also 90 billion US dollars according to the 60% collection rate mentioned in the minutes of the talks. Xiao Kangen Petroleum Company actually wanted to swallow nearly half of its equity in one bite.

Zhang Ke really has nothing to say about Xiao Kangen Petroleum Company's greed that is so greedy that he can't spit out a bone. He will show the minutes to Ye Jianbin and Sun Shangyi. After a while, he asked Liu Chengwei: "What do you think about this? What do you think of CNOOC's internal views on the long-term reserves of Xinyi Oilfield?"

"The exploration work of Xinyi Oilfield was carried out by CNOOC's offshore exploration company. At that time, the estimate of the oil reserves of Xinyi Oilfield was relatively optimistic, with a maximum estimated of 300 million tons and 2.2 billion barrels. At that time, CNOOC lacked technical means for further exploration. In 1994, CNOOC cooperated with Xiao Kangen Petroleum Company to conduct further exploration work in this sea area. The exploration report given by Xiao Kangen Petroleum Company at the beginning of this year gave a preliminary conclusion of 500 million barrels of proven reserves and 1.5 billion barrels of long-term reserves. The energy department of the Planning and Development Commission proposed not to send too high expectations for a single oilfield, and China and the United States should carry out broader cooperation in the field of exploration and mining - this plan proposed by Xiao Kangen Petroleum is also a plan that the general company tends to accept, and what is currently talking about is the conditions for tax preferential treatment." Liu Chengwei said.

Zhang Ke pursed his lips slightly and asked again, "What about now?"

"Xiao Kangen Petroleum Company may have made fake exploration data." Liu Chengwei hesitated for a moment and still expressed this terrible guess.
Chapter completed!