Chapter 604 The third oil well
Celebrations on the drilling platform and auxiliary ships continued overnight, and negotiations between representatives of companies continued overnight.
The negotiations are so slow, on the one hand, because the content of the negotiations is too complex and too important. On the other hand, it is also because the authority of different representatives is different. Companies such as Global Petroleum and Dahua Industrial come from the company's president or chairman and can make decisions on the spot. France's Fina or the United States' Sieger only have the person in charge below the deputy position. Once the expected amount and rules exceed, they must contact the country... Repsol and the US GAC are both group companies with complex equity. When large amounts of funds are involved, the president or chairman cannot make a decision, and they must be authorized by the board of directors.
However, everyone is used to this kind of negotiation method that seems slow but actually fast.
Su Cheng and others held meetings here, and several companies had to hold meetings on their own in China. The meetings must be an emergency board meeting. Some directors of companies that are not convenient to come forward stay tacitly at home to avoid knowing something they shouldn't know.
The psychological prices of smaller companies such as the United Kingdom and Sig in the United States have also been gradually increased, from the initial $100 million to $500 million, and then to $700 million... The bids of Dahua Industrial and Repsol, which have offered high prices, have increased to $1.5 billion and $1.4 billion.
With the amount of funds raised to this point, Sieger's president Jesstan couldn't help but say: "If this matter is successful, we will all be sent to the grand jury, and maybe we will be questioned by the Senate! If the company's size increases by 100 times, we may be the second Lehman Brothers."
"If this matter is successful, more than 10 billion US dollars will make a profit of 1 to 20% under 30 to 50 times of leverage, and the final profit will be less than 20% or 30%. It is easy to pass the grand jury with such a lot of money." Repsol's vice president laughed. Similar to later South America, Spain is both an unrestrained country and a country that loves speculation. House prices in Madrid have been in a state of hype for a long time, with floating profits dozens of times or halvings emerging one after another, and many international players have suffered losses there.
In the financial market, Spanish companies are also famous for being bold. Of course, countries and companies as references are relatively sound in laws. Compared with, Spanish companies have much looser supervision, and it is easy to spend 1.4 billion US dollars of unregulated funds, which is quite rare in many countries.
Jestan snorted twice, looked at Sucheng, and said, "It's okay to accept the Senate's inquiry by hundreds of millions of dollars, just because he's afraid that there are insufficient profits or any bad sequelae."
"Making money means making money. If we get here and worry about any sequelae, such transactions cannot continue." Su Cheng smiled calmly and said, "If you are worried about insufficient profits, you will increase your capital. The more funds, I believe the return rate will be higher. No matter what, this is a rare opportunity."
“An opportunity is built on super large oil fields?”
Fina's Gilles laughed and said balancedly: "We have seen two oil fields, two oil fields produced by two oil wells. Regardless of the situation underground, the foundation for creating a super large oil field has been established. I believe that the oil market will repay us with keen fluctuations."
The oil market is almost one of the most sensitive markets. Every day, countless brokers rely on the oil market to make profits. Their profit methods are often in units of one thousandth or even one ten thousandth. Any disturbance can be used as the basis for price increases or decreases. Before and after Sucheng, countless companies were always doing inside transactions.
If a super large oil field can be found, the profits of insider transactions will be calculated in one percent, that is, more than ten times or a hundred times the ordinary profit. Even if a super large oil field cannot be found, the market will suddenly increase by 100,000 barrels per day or 200,000 barrels per day in crude oil, the oil price will not change.
In fact, if Sucheng had not been stolen to make money in futures, the pressure on oilfield production would have been likely to be released in stages through mechanical ordering, news reports, and crude oil production.
However, with the end of the 1980s and since the 1990s, fewer and fewer oil companies have voluntarily released news. More often, people will suddenly see reports of successful oil field development in the Wall Street Journal or the New York Times, and then the company's stocks soared and the oil market fluctuated.
In the post-oil crisis era, such situations are no longer uncommon.
Jestan nodded slowly and said, "In this case, a complete set of media plans must be prepared. Sieger is willing to pay, but cannot participate in such incidents."
GAC, which is also an American company, also hurriedly said: "It is not convenient for us to directly participate in the media."
"We will handle it." Su Cheng looked reasonable. European and American companies were subject to various restrictions, and the people were quite international. In comparison, although Chinese people often said "bringing glory to the country", the Chinese people absolutely did not have the intention of being an international policeman or an international moral model, and Chinese laws would not provide any guidance to media public relations, so Su Cheng could do so.
"Thank you, Mr. Su..."
Jestan and others smiled happily.
Su Cheng also smiled happily: "Just increase investment. Dahua Industrial mines crude oil, Dahua Industrial operates media, Dahua Industrial operates futures trading... My only requirement is a huge amount of funds, the scale of 10 billion is too small, and I think it is more appropriate to increase by about 50."
The other six people's smiles disappeared without a trace in an instant.
Jestan's face was full of bitterness: "It can't be increased any more. US$700 million is not a small amount. If it needs more, the accountants and prosecutors will probably have problems."
The British Global Oil's recreation is also as dumb as a silly chicken.
"It is impossible to increase the scale of 50, it is impossible..." Gilles also quickly made a statement.
Sucheng made them feel chuckle for a while before chuckling: "The amount of funds is all voluntary, and 700 million US dollars is indeed a lot. However, we have not prepared enough funds. Dahua Industrial plans to spend 3 billion yuan. In this way, it is best to do some private financing. If the funds cannot be increased by more than 1 billion US dollars, please find a way to raise funds."
There are countless related banks and financial institutions in the seven oil companies. As long as the information on insider transactions is revealed, there is no problem with whether it is direct investment in risk or low-risk short-term lending. The key lies in the concept of "privately".
The guy who just relaxed because of the words "all by voluntariness" tightened his muscles again.
Although it seems like a big fight, everyone understands what Su Cheng did. This is a one-time insider transaction that requires secret action. Those who are pulled into the circle must share risks and contribute funds. If the one who pays less money, the normal choice for the other six companies is not to take him to play.
What Sucheng is doing is exactly what an organizer should do.
"Let's go out for a walk and have lunch." Sucheng did not ask for an answer immediately. It is not an exaggeration to be cautious when it comes to speculation of hundreds of millions of dollars. You should know that the bottom line of the Forbes ranking in 1994 was hundreds of millions of dollars. The increase in money alone can determine whether the owner of a company is on the list or down. In addition to the wholly owned private enterprises of 100, other companies also have at least a few partners.
It was almost noon, and it was the hottest time on the sea. The fat Kangle frowned and rubbed his hard neck with his hands, and said, "If it were normal, I would definitely not go out to bask in the sun. Today, let's go out to take a breath. Is there any sunscreen oil?"
"Yang Ming, find some sunscreen." Su Cheng shouted to the outside world and took the lead in getting out of the stuffy cabin.
After a while, Yang Ming came to the deck and said apologetically: "The sunscreen we prepared has been used up, and the supply ship has not arrived yet."
Kangle whined: "If you don't apply sunscreen oil, you will suffer from skin cancer."
Su Cheng thought for a while and said, "Get some olive oil, salad oil or something."
"Is this OK?" Yang Ming didn't want to abuse his foreign friends.
"Didn't the Athenians use their bare butts to apply olive oil and then run to the Olympic Games? Why can't it be? Find a better bottle of oil." Su Cheng said to Yang Ming in Chinese, and then said to Kang Le in English: "I asked him to ask others for some olive oil, don't worry."
"That's great." Kang Le's mood improved a lot.
A few minutes later, Kangle applied a lot of olive oil on his exposed hands and neck. He felt much better and exuded the aroma of steak, so he took the initiative to go to the drilling platform.
The swaying commuter boat and the shaking drilling platform were the initial impression. After boarding the ship, the white, yellow and black all over the ground became the main color of the drilling platform.
"This is the first time I have been to an offshore drilling platform." Kangle, who was smelled of smoke, smiled with interest: "The British Global Oil Company has several platforms in the North Sea, but I have never been there before. It's too far away. I didn't expect that this is the platform. What are the things on the ground?"
"Oh, the white ones are probably salt particles, the black ones are crude oil, and the yellow ones are probably rust spots or dry phlegm."
"phlegm?"
"Well, can you expect the drilling platform to be spotlessly clean, this is not the Royal Navy."
Kang Le covered his nose and stopped talking.
The small platform went around and went back. Everyone did not talk about business, but leaned against the platform railing to chat.
Until Jestan ran back in a blazing manner.
"We found the funds." Jestan gasped for two breaths, with a bright light on his face: "One of our directors, well, no matter who it is, in short-term loans, he can get the support of a private bank, so we found $400 million in short-term loans, which can increase the total to 1.1 billion yuan. Oh, if Director Su needs to give a mortgage, they are willing to lend Dahua Industrial money."
"That would be great."
"It's great. I hope to continue to cooperate with representatives of various companies." Jestan's expression was very sincere.
Kang Le looked suspicious: "Where has the change?"
"Nowhere." Jestan shook his head vigorously.
"Siger borrowed $400 million in one go? Where did you get the courage?"
Jestan laughed and didn't say anything.
Suddenly, the phone rang on the drilling platform.
The deputy captain of the drilling team ran over to take the phone call, picked it up and listened to a few words, then looked happy and shouted: "Dr. Su, the third oil well has also been drilled out. No. 512 has drilled out the third oil well."
Jestan didn't understand Chinese, but knew how to read and look. He immediately gave up covering up and said with a smile: "Congratulations to Mr. Su."
The other five people also awakened.
"Another oil well? So fast!"
Although it cannot keep up with the world record, in unfamiliar areas, even digging three wells produces oil, which depends on luck. If it is three high-yield wells, it is even more rare.
Sucheng is not surprised. The cost of drilling platforms is too high. In addition to exploration wells, the success rate of oil production wells in later generations has increased a lot. Dahua Industrial's focus on this has been several years. It has been determined and has experience in two wells. It is not surprising that the third well will produce more oil after one day.
Of course, this is not surprising based on the necessity of the existence of oil fields, which also proves the abundance of underground resources from another aspect.
Gilles laughed and said with a happier smile: "Dr. Su picked up a treasure house, as if it was filled with oil. You can get it by drilling it open."
Su Cheng was half true and half false, thinking to himself: You are really right.
A super oil field with a daily output of 1.5 million barrels was lost to black technology 100 years ago. It can replace half of the world's oil production capacity. The use of oil pipes instead of straws is the biggest obstacle.
Chapter completed!